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When a member of an LLC dies, does the operating agreement's "involuntary withdrawal" provision strip the estate's executors of management rights, or does state law empower them to exercise the deceased member's full membership rights? A recent Nassau County Commercial Division decision explores this critical question in the context of a father-son business dispute over the distribution of substantial sale proceeds.

The National Venture Capital Association's October 2025 update to its model stock purchase agreement didn't make headlines outside the venture bar, but it quietly did something meaningful...