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Clark Hill PLC

Can you eliminate fiduciary duties in a Texas LLC?

Clark Hill PLC on

Bottom Line: Yes, as of May 14, 2025, members of a Texas LLCs can now eliminate fiduciary duties through their company agreements (aka “operating agreements”), thanks to a crucial amendment that added the word “eliminate” to...more

Allen Matkins

Delaware LLCs - "I See Trouble On the Way"

Allen Matkins on

Delaware had barely birthed changes to Section 144 of its General Corporation Law when the Plumbers & Fitters Local 295 Pension Fund filed a complaint challenging those changes.  The plaintiff seeks a declaration that the...more

Frantz Ward LLP

Episode 19 | Business Law Update: A Primer on Ohio's Revised LLC Act

Frantz Ward LLP on

Ohio recently modernized its laws governing limited liability companies through the Revised Limited Liability Company Act. The revised regulations apply to all Ohio limited liability companies, regardless of when organized,...more

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