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Delaware v. New York on Dissolution of LLCs

By Francis G. X. Pileggi, Esq.

In Re Seneca Investments, LLC, 2008 WL 4329230 (Del. Ch., Sept. 23, 2008), is a Delaware Chancery Court decision about the unsuccessful attempt to petition the court for the dissolution of an LLC,  that I summarized briefly here.

Here is an in depth analysis of the case and a comparison on Peter Mahler's New York Business Divorce Blog  of how the New York courts may differ in their interpretation of the dissolution provisions of the LLC statute, noting that Section 18-802 of the Delaware LLC Act is very close to the analogous section of the NY LLC Act.

I am extremely grateful for the hat tip on the New York Business Divorce Blog which credited me for first summarizing the case and further described my blog as: "...  the premier online resource for coverage of the Delaware Chancery Court."

 

 

Full post as published by Delaware Corporate and Commercial Litigation Blog on October 13, 2008 (boomark / email).