Delaware Limited Liability Companies continue to be the entity of choice for companies around the country and the world. Business attorneys need a comprehensive resource to help them best leverage these entities when completing transactions and understanding how the statute has been interpreted in the courtrooms.
Symonds & O’Toole on Delaware Limited Liability Companies—referred to in a Delaware Court of Chancery decision as “the leading Delaware LLC treatise”—offers workable solutions for even the most complex transactions and practical insight into case law interpreting the statute, to help practitioners provide the best possible representation and advice to clients looking to make the most of their Delaware LLCs.
Symonds & O’Toole on Delaware
Limited Liability Companies includes discussion of the Delaware Limited Liability Company Act and related case law, legal analysis and practice recommendations, and appendices that contain the current Delaware LLC Act, historical versions of the statute, legislative history, and up-to-date forms.
The 2017 Release updates many chapters and sections of the text to address amendments to the Delaware Limited Liability Company Act and recent judicial decisions, and updates the appendices to include the 2016 version of the Delaware Limited Liability Company Act and the 2016 legislative bills. You will also find a discussion of numerous recent developments in the law governing Delaware limited liability companies, with significant new and revised material on a number of critical topics, including: Matters relating to a series of a Delaware limited liability company, including service of process upon a series; the manner in which members and managers may take action; admission as a member of an assignee of a limited liability company interest; and matters relating to dissolution of a Delaware LLC.
Authors Robert L. Symonds, Jr. and Matthew J. O’Toole, are partners at Potter Anderson & Corroon LLP in Wilmington Delaware. Mr. Symonds is one of the original drafters of the Delaware Limited Liability Company Act. He is a former chairman and along with Mr. O’Toole is a long-time member of the Delaware State Bar Association committee responsible for proposing amendments to that statute and to Delaware’s limited partnership and general partnership laws.
The treatise has been cited in a number of recent court decisions, including Tafaro v. Innovative Discovery LLC 2016 Del. Ch. LEXIS 190 (Del. Ch. Oct. 31, 2016), Obeid v. Hogan, 2016 Del. Ch. LEXIS 86 (June 10, 2016) and Wells Fargo Bank, N.A. v. TIC Acropolis, LLC, 2016-Ohio-142, 2016 Ohio App. LEXIS 131 (2d Dist. 2016).