Archer & Greiner is now Archer. But what matters most is what remains the same. Our new name still represents an unwavering commitment to delivering large-firm expertise with small-firm attention—no matter the size of the client. It’s a philosophy that’s helped us grow into one of the largest and most trusted law firms in the Mid-Atlantic region, serving businesses and individuals throughout the region and in a growing number of other states and jurisdictions. With a network of regional offices from Delaware to New York, Archer has more than 175 lawyers practicing in all major legal disciplines including corporate, labor, commercial litigation, family, real estate and many more.
New Jersey's Revised Uniform Limited Liability Company Act (NJ-RULLCA), N.J.S.A. 42:2C-1 et. seq., empowers LLC members, with limited exception, by giving them the freedom
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New Jersey's Revised Uniform Limited Liability Company Act
(NJ-RULLCA), N.J.S.A. 42:2C-1 et. seq., empowers LLC members, with
limited exception, by giving them the freedom to contract the rules
by which the entity will be governed. In fact, NJ-RULLCA endorses
this contractual flexibility and instructs courts to construe its
provisions liberally "to give maximum effect" to the LLC
members' freedom of contract and to the enforceability of an
LLC's operating agreement. N.J.S.A. 42:2C-11(i). Despite
this legislative stamp of approval, where the members stay silent
(intentionally or otherwise) and fail to address a particular
matter in the company's operating agreement, NJ-RULLCA imposes
default rules that courts will apply to resolve disputes. N.J.S.A.
42:2C-11(b).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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For New Jersey LLC Members, Silence Can Have Serious Ramifications
United StatesCorporate/Commercial Law
Contributor
Archer & Greiner is now Archer. But what matters most is what remains the same. Our new name still represents an unwavering commitment to delivering large-firm expertise with small-firm attention—no matter the size of the client. It’s a philosophy that’s helped us grow into one of the largest and most trusted law firms in the Mid-Atlantic region, serving businesses and individuals throughout the region and in a growing number of other states and jurisdictions. With a network of regional offices from Delaware to New York, Archer has more than 175 lawyers practicing in all major legal disciplines including corporate, labor, commercial litigation, family, real estate and many more.
