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Conduct, and You Should Carefully Consider the Legal Consequences of Such Wrongful Conduct, Form

Conduct, and You Should Carefully Consider the Legal Consequences of Such Wrongful Conduct, Form

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exactly what is wrongful conduct is going to depend on the circumstances but some examples should include misappropriation of corporate assets setting up a competing business involvement in criminal conduct what is significant in the analysis is first of all whether the conduct was wrongful and second whether the effect was adverse in a material way to the company's activities either in the past or in the future there is a third provision for expulsion using what I would call the reasonably practicable test the uniform limited liability company act says that the court May order dissociation of a member if that member has or is engaging in conduct relating to the company's activities to make it and this is the key language not reasonably practicable to carry on the activities with that person as a member

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