Question: Harlan Nesbitt was a member of Oak Creek Golf LLC

Harlan Nesbitt was a member of Oak Creek Golf LLC, a limited liability company that owned and operated a golf course. Nesbitt wanted to dissociate from the LLC, but neither the LLC nor any other LLC member was willing to purchase his LLC interest.
Nesbitt gave his LLC interest to his daughter, Eliza Portraro, and he notified the LLC that he was withdrawing from the LLC. Portraro sought to assert rights as a member of the LLC, including voting on matters submitted to LLC members, demanding a share of LLC profits, and inspecting the financial records of the LLC. The LLC operating agreement was silent on whether a transferee of a member's interest had those rights. Did Portraro have those rights?

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  • CreatedJuly 16, 2014
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