NC Business Court Clarifies Exception to Rule that LLC Members Do NOT Owe Fiduciary Duties to One Another
Luke C. Tompkins
Written By Luke C. Tompkins
One of the hallmarks of limited liability companies ("LLCs") is that members of an LLC ordinarily do not owe fiduciary duties to each other or to the company itself.
Generally speaking, a fiduciary duty is an obliga…
