DRAFTING INSPECTION PROVISIONS FOR DELAWARE LLCS WHOSE MEMBERS AREN’T DELAWARE CITIZENS AND WHO OPERATE THE LLC’S BUSINESS OUTSIDE OF DELAWARE

By , February 8, 2017 2:30 pm

The post under the link below discusses a North Carolina case addressing the issue of whether the Delaware Limited Liability Company Act can prevent North Carolina residents from obtaining a North Carolina court order permitting them to inspect the books and records of a Delaware LLC.  Believe it or not, the North Carolina court says they can’t.  The case addresses an issue on which every lawyer drafting LLC agreements for Delaware LLCs with non-Delaware members needs to be an expert.

Here is the link:  http://www.lexology.com/library/detail.aspx?g=3bcf043e-1963-45cb-8c19-97ad8c188986&l=7SX6EVN

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