Illinois  |  Business Law

Legal Question

Asked on: 4/15/07, 1:16 pm

Member Being Removed From LLC

Member is 30% of a 30-30-40 LLC in retail supply biz. 30 & 40 members voted to remove the other member from position of authority within the company. They gave no reason or cause for their decision. They offered a buyout at a substantially low number. Outed partner was blindsided by this and can not get reason for cause, not allowed in the building (clocks changed same day) & unable to get answers. Operating agreement does not mention removal of member. Can ousted member still service customers and enter business? While buyout or disolution discussions aren't taking place, what can this member do? What are his rights?

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