Harlan Nesbitt was a member of Oak Creek Golf LLC, a limited liability company that owned and
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Nesbitt gave his LLC interest to his daughter, Eliza Portraro, and he notified the LLC that he was withdrawing from the LLC. Portraro sought to assert rights as a member of the LLC, including voting on matters submitted to LLC members, demanding a share of LLC profits, and inspecting the financial records of the LLC. The LLC operating agreement was silent on whether a transferee of a member's interest had those rights. Did Portraro have those rights?
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Related Book For
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-0071317658
15th edition
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
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