To Be or Not to Be Exclusive: Statutory Construction of the Charging Order in the Single Member LLC
Depaul Business & Commercial Law Journal, Vol. 9, 2010
87 Pages Posted: 9 Nov 2010
Date Written: October 27, 2010
The charging order has long been a feature of partnership law. Like partnerships and other unincorporated entities, the charging order is an important statutory attribute of limited liability companies that, in the context of the single member LLC, has generated significant controversy. Recently the Florida Supreme Court waded into this quagmire in deciding Olmstead v. Federal Trade Commission. Sadly, rather than broadly mapping the issues to help future travelers, Olmstead charted a unique course that will be difficult for others to follow.
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