A key feature of this casebook is the extensive coverage of limited liability entities, especially unincorporated limited liability companies. The authors include cases on such LLC topics as formation, interpretation of the operating agreement, piercing the LLC veil, fiduciary obligation, expulsion of a LLC member, and dissolution. Also included is a section on the question of whether membership interests in LLCs and limited partnerships are a security.
A key feature of this casebook is the extensive coverage of limited liability entities, especially unincorporated limited liability companies. The authors include cases on such LLC topics as formation, interpretation of the operating agreement, piercing the LLC veil, fiduciary obligation, expulsion of a LLC member, and dissolution. Also included is a section on the question of whether membership interests in LLCs and limited partnerships are a security.