Delaware Proposes Removing Oral LLC Agreements from Statute of Frauds | Practical Law

Delaware Proposes Removing Oral LLC Agreements from Statute of Frauds | Practical Law

An update on a proposed amendment to the Delaware Limited Liability Company (LLC) Act that would make oral LLC agreements no longer subject to the statute of frauds.

Delaware Proposes Removing Oral LLC Agreements from Statute of Frauds

Practical Law Legal Update 7-502-0947 (Approx. 2 pages)

Delaware Proposes Removing Oral LLC Agreements from Statute of Frauds

by PLC Corporate & Securities
Published on 22 Apr 2010 • Delaware
An update on a proposed amendment to the Delaware Limited Liability Company (LLC) Act that would make oral LLC agreements no longer subject to the statute of frauds.