Hunt & Associates P.C.

Mar 20, 2013

A Second Look at the Reduction of Fiduciary Duties in Oregon LLCs

Limited liability companies were created as a new, more flexible form of business entity which would enable its members to exercise their freedom of contract to the fullest permissible limits.  Because they are contractually malleable, the language of the operating agreement organically defining an LLC must be precise and judicious.  In Synectic Ventures I, LLC v. EVI Corp., 353 Or. 62 (2012) the Oregon Supreme Court, reversing an earlier decision by the Court of Appeals, … Read more