Archive for September 6th, 2010

State Law Comparison of Fiduciary Duties Applicable to Limited Liability Companies (2010-9-6)

A recent article by attorney Thomas M. Madden compares the fiduciary obligations applicable to limited liability companies under the laws of five different states – Delaware, Massachusetts, New York, California, and Illinois. Mr. Madden concludes that, “A look at the five major states’ codes will quickly dispel any presumption that all states treat limited liability […]