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Appellate Division Holds Allegations of Oppression Insufficient to Dissolve Limited Liability Company

On Behalf of | Mar 24, 2016 | BLOG, NEWS ARTICLE

Court holds that a Limited Liability Company may not be judicially dissolved due to allegations of oppressive conduct but rather may only be judicially dissolved if the entity is insolvent or the other member’s actions preclude such entity from achieving its stated purpose. In the Matter of Kasab v. Kasab, 137 A.D.3d 1135 (2d Dept. 2016).