ADVANCEMENT AND INDEMNIFICATION PROVISIONS IN LLC OPERATING AGREEMENTS

By , February 16, 2017 4:30 pm

In the operating agreements of larger and more sophisticated LLCs—and sometimes the operating agreements of smaller LLCs—advancement and indemnification provisions can be critically important.  The new post under the link below provides a brief but excellent discussion of the Delaware LLC law relevant in drafting these provisions.

Here’s the link:  http://www.lexology.com/library/detail.aspx?g=a234e902-0fd0-4369-94ca-242ecc7c028c&l=7T7DJ8A

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