Delaware Code Title 6. Commerce and Trade § 18-405. Remedies for breach of limited liability company agreement by manager
Current as of January 01, 2022 | Updated by FindLaw Staff
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A limited liability company agreement may provide that:
(1) A manager who fails to perform in accordance with, or to comply with the terms and conditions of, the limited liability company agreement shall be subject to specified penalties or specified consequences; and
(2) At the time or upon the happening of events specified in the limited liability company agreement, a manager shall be subject to specified penalties or specified consequences.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 18-405. Remedies for breach of limited liability company agreement by manager - last updated January 01, 2022 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-405-nr9/
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