Business, 12.03.2020 03:08 cicilee49

Under the Uniform Limited Liability Company Act (ULLCA), managers in a manager-managed LLC owe fiduciary duties, such as the duty of loyalty and the duty of care, to the LLC and its members just as corporate directors and officers owe fiduciary duties to the corporation and its shareholders.

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Under the Uniform Limited Liability Company Act (ULLCA), managers in a manager-managed LLC owe fiduc...

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