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Davis v. MKR Development, LLC

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Current status: FILED
As of: May 31, 2018
Source: SUPREME COURT OF VIRGINIA · DOCKET 171020 ↗

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Status is derived only from narrow phrases in the court’s verbatim disposition or latest docket entry.

171020 Davis v. MKR Development, LLC 05/31/2018 In a derivative action brought on behalf of a limited liability company by the majority shareholder against the entity appointed under the LLC's operating agreement to manage the company, along with two of the manager's principals, the circuit court erred in dismissing the action on the ground that the plaintiff had failed to first make a demand for the corporation to take action. Although Code § 13.1-1042, as amended, no longer expressly states a…

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