EXCULPATORY PROVISIONS

By , July 28, 2017 1:09 pm

It is often appropriate to include exculpatory provisions in the operating agreements of multi-member LLCs.  The post under the link below discusses a Delaware case concerning an exculpatory provision under the Delaware Limited Liability Company Act, but the post is also relevant to the drafting of these provisions under LLC acts other than the Delaware Act.

Here is the link:

https://www.natlawreview.com/article/exculpatory-provisions-under-delaware-law-say-what-you-mean-and-mean-what-you-say

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