Ann S. Lee, left, and Gregg A. Martin, right, are partners in Greenberg Glusker in Los Angeles. Courtesy photos Do You Know About the Equitable Buyout Remedy for Fraud?
The recent holding from the California Court of Appeal provides a powerful equitable remedy to a minority owner defrauded by the majority owners, according to Greenberg Glusker's Ann Lee and Gregg Martin.
July 31, 2023 at 10:37 AM
6 minute read
Deals and Transactions
The California Revised Uniform Limited Liability Company Act, Corporations Code Section 17701.01 et seq., does not provide an LLC member owning less than 50% with a guaranteed right to be bought out.
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