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A Member of a Delaware LLC Can Withdraw Their Membership by Implied Agreement

calendar_today August 11, 2022 person Chaney Hall and Fox Rothschild LLP domain fox-rothschild

The Court of Chancery recently concluded that a member of a Delaware LLC could reach an implied contractual agreement to withdraw as a member of the LLC, even if the LLC does not have a written operating agreement. In 5high LLC v. Howard Feiler, et al., C.A.

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