ARTICLE
23 October 2018

Under The Revised Uniform LLC Act The Executrix Of A Member Is Not A Member

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Stoll Keenon Ogden PLLC

Contributor

In boardrooms and courtrooms, Stoll Keenon Ogden PLLC provides strategic legal counsel to clients in the Midwestern United States, across the country and around the world. Our attorneys are recognized among the best in their fields by Martindale-Hubbell, Best Lawyers in America and Benchmark Litigation. We build client relationships for the long haul, because succeeding at business is a marathon, not a sprint.
In a recent decision from Connecticut, the issue was the status of the executrix of a member vis-a-vis the LLC, a question considered in the context of whether the executrix may or may not seek the judicial dissolution of the LLC.
United States Corporate/Commercial Law
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In a recent decision from Connecticut, the issue was the status of the executrix of a member vis-a-vis the LLC, a question considered in the context of whether the executrix may or may not seek the judicial dissolution of the LLC. In this instance, it was found that the executrix did not have standing to bring the action. Faienza v. T-N-B Marble-N-Granite, LLC, HHDCV176082028S, 66 Conn. L. Rptr. 213, 2018 WL 1882686 (Conn. Sup. Ct. March 26, 2018).

It was explained that under Connecticut's prior LLC Act, upon the death of a member, most of the member's rights, including the right to move for dissolution, passed to the member's legal successor, with the court citing in support thereof Warren v. Cuseo Family, LLC, 138 A.3d 1099 (Conn. App. 2016). However, effective July 1, 2017, Connecticut adopted the Revised Uniform LLC Act under which, absent a written operating agreement providing to the contrary, the law "strips the legal successor of some of those membership rights, giving the successor the status of a 'transferee' rather than a member.", citing C. G. S. § 34-259(c).

Finding that the right to bring an action for dissolution of the LLC is restricted to a member, and as the plaintiff executrix was a transferee, rather than a member, the court held that there was no standing to bring the action for dissolution.

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ARTICLE
23 October 2018

Under The Revised Uniform LLC Act The Executrix Of A Member Is Not A Member

United States Corporate/Commercial Law

Contributor

In boardrooms and courtrooms, Stoll Keenon Ogden PLLC provides strategic legal counsel to clients in the Midwestern United States, across the country and around the world. Our attorneys are recognized among the best in their fields by Martindale-Hubbell, Best Lawyers in America and Benchmark Litigation. We build client relationships for the long haul, because succeeding at business is a marathon, not a sprint.
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