Question
Marilyn and Lucy are members in an LLC. Marilyn manages the accounts, and Lucy, who has many connections in the community and is a skilled
Marilyn and Lucy are members in an LLC. Marilyn manages the accounts, and Lucy, who has many connections in the community and is a skilled investor, brings in the business. If Lucy wrongfully dissociates from the LLC,
which of the following is true?
Question 7 options:
The LLC is automatically dissolved.
Lucy may participate in the winding up process.
Marilyn forfeits all of her interest in the LLC.
Lucy is liable for any damages caused by the dissociation
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
