Download This PaperThe Limited Effect of 'Maximum Effect'
Bus. L. Today (Aug. 13, 2020), available at https://businesslawtoday.org/2020/08/limited-effect-maximum-effect/
10 Pages Posted: 1 Mar 2023 Last revised: 27 Oct 2023
Date Written: February 24, 2023
Abstract
More than 20 jurisdictions have followed Delaware rather than the Uniform Law Commission in giving “maximum effect” to the principle of freedom of contract in LLC arrangements. Exactly how effective has the construct of “maximum effect” been? Not very.
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Keywords: maximum effect, delaware, limited liability company, llc, freedom of contract
JEL Classification: K12, K22
Suggested Citation: Suggested Citation
Douglas Moll (Contact Author)
University of Houston Law Center ( email )
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