Delaware Statutes
§ 18-405 — Remedies for breach of limited liability company agreement by manager
Delaware § 18-405
This text of Delaware § 18-405 (Remedies for breach of limited liability company agreement by manager) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Del. Code tit. 6, § 18-405 (2026).
Text
A limited liability company agreement may provide that:
(1)A manager who fails to perform in accordance with, or to comply with the terms and conditions of, the limited liability company agreement shall be subject to specified penalties or specified consequences; and
(2)At the time or upon the happening of events specified in the limited liability company agreement, a manager shall be subject to specified penalties or specified consequences.
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Legislative History
68 Del. Laws, c. 434, § 1
Nearby Sections
15
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Right to bring action§ 18-1002
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IndemnificationCite This Page — Counsel Stack
Bluebook (online)
Delaware § 18-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/de/6/18-405.