LLC Default Rules are Hazardous to Member Liquidity: A conversation with Dean Donald J. Weidner

Business Divorce Roundtable

This episode features a lively interview with Donald J. Weidner, Dean Emeritus of the Florida State University College of Law and one of the leading authorities in the country on partnerships and LLCs. Don’s latest article, entitled LLC Default Rules Are Hazardous to Member Liquidity, forthcoming in the ABA’s prestigious Business Lawyer publication (and available on SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3523876) critiques the “corporate-ization” of LLC statutory default rules to restrict the ability of LLC members to withdraw and monetize their membership interest.