Partner & Employee Best Access
First time users must log in to Best Access via the Virtual Environment, not via this link.


March 2005Published Article

Supreme Court Action May Dramatically Impact Duties of LLC Members

Business Law News, State Bar of Wisconsin

On January 14, 2005, the Wisconsin Supreme Court in a case of first impression heard oral argument in Gottsacker v. Monnier (Appeal No. 03-0457). As presented to the Court, the essence of the case is: (1) do members of a member-managed limited liability company (an “LLC”) owe fiduciary duties under Chapter 183 to other LLC members or to the LLC itself, and (2) are members of a member-managed LLC precluded under Wis. Stat. section 183.0404 from voting on issues that may advance their individual interests? Did the Gottsackers Have a General Partnership?

View full article
back to top