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Delaware Court Enforces LLC Agreement’s Management Structure in Prince Estate Dispute

By Carl D. Neff on July 11, 2024

In the recent decision of McMillan, et al. v. Nelson, et al., C.A. No. 2024-0016-KSJM (Del. Ch.), the Delaware Court of Chancery reaffirmed the primacy of contractual language in LLC governance disputes. McMillan centered on a dispute over the management of Prince Legacy, LLC, an entity formed to manage assets from the estate…

Posted in Contract Interpretation

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