Cause of Action for Books and Records of an LLC (DE) | Practical Law

Cause of Action for Books and Records of an LLC (DE) | Practical Law

A Standard Clause providing model language for a member of a limited liability company (LLC) to assert a claim in the Chancery Court of Delaware seeking to inspect books and records of a Delaware LLC under Delaware Limited Liability Company Act § 18-305 (6 Del. C. § 18-305) and the LLC's operating agreement. This Standard Clause has integrated notes with important explanations and tips for pleading facts entitling an LLC member to inspect the LLC's books and records. Counsel should incorporate this Standard Clause into a formal complaint or other pleading properly formatted for the relevant court and tailored to the facts and circumstances of the case.

Cause of Action for Books and Records of an LLC (DE)

Practical Law Standard Clauses w-039-2703 (Approx. 14 pages)

Cause of Action for Books and Records of an LLC (DE)

by Practical Law Commercial Litigation
Maintained • Delaware
A Standard Clause providing model language for a member of a limited liability company (LLC) to assert a claim in the Chancery Court of Delaware seeking to inspect books and records of a Delaware LLC under Delaware Limited Liability Company Act § 18-305 (6 Del. C. § 18-305) and the LLC's operating agreement. This Standard Clause has integrated notes with important explanations and tips for pleading facts entitling an LLC member to inspect the LLC's books and records. Counsel should incorporate this Standard Clause into a formal complaint or other pleading properly formatted for the relevant court and tailored to the facts and circumstances of the case.