Judicial consent adoption new york9/14/2023 ![]() Openly, the dilution, removal, or expulsion powers are spelled out explicitly in the operating agreement signed by all the members. ![]() Weaponization can occur openly or stealthily. What’s a weaponized LLC? It’s one whose operating agreement gives the controlling majority members the authority to dilute, remove from management, or expel a non-controlling minority member, typically for failing to satisfy a mandatory capital call or engaging in conduct the majority determines to be a breach of specified standards of conduct.
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