Cardozo Law Review
Abstract
The note argues that New York's current standard for judicial dissolution of LLCs, which requires proving that continuation is "not reasonably practicable," is overly stringent and ineffective in addressing member deadlocks. It advocates for adopting Delaware's "deadlock-plus" standard, which allows dissolution when member relationships are irreparably broken and no exit mechanisms exist in the operating agreement, as a more balanced and efficient approach.
Disciplines
Law | Legislation
Recommended Citation
Roxanne Makoff,
Judicial Dissolution Under New York's Limited Liability Company Law: Should Breaking Up Be this Hard to Do?,
38
Cardozo L. Rev.
1541
(2017).
Available at:
https://larc.cardozo.yu.edu/clr/vol38/iss4/8