Fiduciary Duties And The Nevada LLC
Recently, UCLA Law School Professor Stephen Bainbridge posted this response to the question of “How far will Delaware courts allow an agreement to permit self-dealing in an LLC?” How would this question be answered with respect to a Nevada limited liability company? Like Delaware, Nevada explicitly favors both freedom of contract and enforceability when it comes to operating agreements. NRS 86.286(4)(b) Read more...
