Cheng v. Coastal L.B. Assocs., LLC, No. B303519, 2021 Cal. App. LEXIS 782 (Ct. App. Sep. 1, 2021)
Plaintiff held a 25% membership interest in an LLC. She brought suit to dissolve the LLC, which was stayed while the majority members exercised their right under Corp. Code 17707.03 to have plaintiff's share appraised and to buy her interest at the appraised value. In an appraisal under that section, the trial court is not bound by the appraisers' award. … Read More