News
NJ Supreme Court Outlines 7-Part Test for Forced Expulsion of LLC Member
Published Date: August 8, 2016
In the first significant opinion to interpret New Jersey’s Revised Uniform Limited Liability Company Act (“RULLCA”), New Jersey’s Supreme Court ruled on August 2, 2016 that members of an LLC seeking to expel another member have a “high bar” to meet. In IE Test, LLC v. Carroll, 2016 WL 4086260 (N.J. Aug. 2, 2016), Justice Patterson outlined the “stringent” test to be applied when suing to expel another LLC member.
