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Blogs > Shareholder Disputes in New Jersey

Operating Agreements

Oct 21, 2015

Protection of the Minority Oppression Statute Is Not Waivable

In the last year or so, I have seen several business owners who are not very happy that New Jersey LLC members now have the same protection from minority oppression that is enjoyed by minority shareholders of corporations. To “protect” against such lawsuits, apparently several attorneys around the state are advising clients to add to Operating Agreements a clause that waives this protection. » Read More

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