Delaware Code Online Subchapter VI Distributions and Resignation Subchapter VII Assignment of Limited Liability Company Interests Subchapter VIII Dissolution Subchapter IX Foreign Limited Liability Companies Subchapter X Derivative Actions Subchapter XI Miscellaneous Subchapter XII Statutory Public Benefit Limited Liability Companies
Delaware Code Online A limited liability company formed under this chapter shall be a separate legal entity, the existence of which as a separate legal entity shall continue until cancellation of the limited liability company’s certificate of formation
Delaware Code Online Title 8 > Chapter 1 Authenticated PDF GENERAL CORPORATION LAW Subchapter I Formation Subchapter II Powers Subchapter III Registered Office and Registered Agent
Delaware Code Online A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member
Delaware Code Online (a) Upon the winding up of a limited liability company, the assets shall be distributed as follows: (1) To creditors, including members and managers who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the limited liability company (whether by payment or the making of reasonable provision for payment thereof) other than liabilities for which reasonable
Delaware Code Online (a) Each limited liability company shall have and maintain in the State of Delaware: (1) A registered office, which may but need not be a place of its business in the State of Delaware; and (2) A registered agent for service of process on the limited liability company, having a business office identical with such registered office, which agent may be any of: a The limited liability company
Delaware Code Online For all purposes of the laws of the State of Delaware, a subscription for a limited liability company interest, whether submitted in writing, by means of electronic transmission, or as otherwise permitted by applicable law, is irrevocable if the subscription states that it is irrevocable to the extent provided by the terms of the subscription
Delaware Code Online The term “facts,” as used in this section, includes, but is not limited to, the occurrence of any event, including a determination or action by any person or body, including the corporation; provided that, if the resolution delegates to a person or body the authority to enter into 1 or more transactions to issue rights or options pursuant
Delaware Code Online If the resignation of a manager violates a limited liability company agreement, in addition to any remedies otherwise available under applicable law, a limited liability company may recover from the resigning manager damages for breach of the limited liability company agreement and offset the damages against the amount otherwise distributable
Delaware Code Online (i) A limited liability company agreement that provides for the application of Delaware law shall be governed by and construed under the laws of the State of Delaware in accordance with its terms (j) The provisions of this chapter shall apply whether a limited liability company has 1 member or more than 1 member