R&R Capital, LLC v. Buck & Doe Run Valley Farms, LLC
August 26, 2008
Publication| Limited Liability Company & Partnership Advisory
The Delaware Court of Chancery recently issued its decision in R&R Capital, LLC v. Buck & Doe Run Valley Farms, LLC, CA No. 3803-CC (Del. Ch. August 19, 2008), enforcing the waiver of a member’s right to petition for judicial dissolution and for appointment of a receiver contained in a limited liability company agreement. This case deals with an issue of first impression under Delaware law and further highlights Delaware’s strong policy in favor of freedom of contract in limited liability company agreements.
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