Tag Archives: Fiduciary Duties in an LLC

Are Fiduciary Duties a “Default Rule” in LLCs?

Posted on April 11, 2012 by

In an incredibly detailed, 75 page opinion, the Delaware Court of Chancery confirmed that, at least in Delaware, “Default Fiduciary Duties Do Exist In The LLC Context.”  The full opinion, Auriga Capital Corp. v. Gatz Properties LLC, C.A. No. 4390-CS … Continue reading →

Posted in Business Owner, Director, Intra-corporate dispute, Litigation, Manager, Officer, Partners, Shareholder | Tagged , , , , , , , , , , , , | 1 Comment

March 2012, Arizona Attorney – Fiduciary Duties in an Arizona LLC

Posted on March 12, 2012 by

The March 2012 Arizona Attorney contains a detailed article and analysis regarding the current status of fiduciary duties in Arizona LLCs.  The comprehensive article, authored by attorneys serving on a committee developing proposed changes for the Arizona LLC Act, can … Continue reading →

Posted in Intra-corporate dispute, Litigation, Manager, Member | Tagged , , , , , , , , , , | Leave a comment

Fiduciary Duties in an LLC, do They Exist in Arizona?

Posted on June 21, 2010 by

The short answer is, it depends.  In Arizona, at the time of writing this post, fiduciary duties are not implied as a matter of law between members and/or managers and the LLC.  However, fiduciary duties may nonetheless exist if the … Continue reading →

Posted in Business Owner, Litigation | Tagged , , , , , , , , | 1 Comment