On Oct. 24, Potter Anderson & Corroon LLP presented a webinar on the Delaware Limited Liability Company Act (DLLCA), including amendments to contractual appraisal rights. We noted previously that this update was occurring.
The webinar highlighted that this year’s amendments to the DLLCA now provide for contractual appraisal rights in new situations. Previously, the DLLCA
On October 24th, LexisNexis, CSC, and law firm Potter Anderson & Corroon LLP will present a webinar on the Delaware Limited Liability Company Act, covering 2019 amendments and recent caselaw. Topics will include contractual appraisal rights – as well as mechanical issues involving electronic signatures, LLC series and other changes.
The webinar registration
While appraisal is typically a creature of statute, appraisal rights can also be a creature of contract–in particular, when an operating agreement, charter, or similar foundational document provides for them (including when a certificate of designation provides for the value of preferred stock). Many states, including New York, allow the members of an LLC–as