The Perils of Indeterminate LLC Membership Interests, Redux
Farrel Fritz
FEBRUARY 4, 2024
LLCs and Indeterminate Membership Interests The default rules under New York’s LLC Law are modeled on what I call indeterminate or variable membership interests. The Meregalli Case Over four years ago I wrote about the Meregalli case as an example of the perils of LLCs with indeterminate membership interests.
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