Tag Archives: Fiduciary Duties

Changes to Indiana Business Flexibility Act Likely to Impact LLCs Significantly

Authored by John Millspaugh and Alan Becker The Indiana General Assembly recently approved changes to the Indiana Business Flexibility Act that appear likely to have a significant impact on LLCs, especially related to estate planning for LLC members and fiduciary … Continue reading

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Delaware Supreme Court Declines to Impose Default Fiduciary Duties on LLC Managers

Does the Delaware Limited Liability Act impose “default” fiduciary duties on LLC managers? Gently shakes magic 8-ball.  “Ask again later.” In a recent case, the Delaware Supreme Court declined to recognize “default” fiduciary duties as applying to LLC managers under … Continue reading

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