Peter Mahler, at New York Business Divorce, has reviewed the second decision by the New Jersey Court of Appeals in All Saints University of Medicine Aruba v. Chilana, No. A-2425-13T1 (N.J. Super. Ct. App. Oct. 27, 2015). In this decision, notwithstanding the absence of a mandatory buyout upon dissociation provision in the then controlling New Jersey LLC Act, the Court of Appeals directed the lower court to consider ordering a buyout as a "common-law equitable remedy."
Originally published on Kentucky Business Entity Law
HERE IS A LINK to Peter's review of this decision
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