The Texas Business Court analyzed a Texas LLC agreement’s drag‑along provision, focusing on board approval requirements for membership unit transfers.
Where Business Meets the Bench | Updates from the Texas Business Court and Fifteenth Court of Appeals
Nate Emeritz provides clients with Delaware corporate law advice relating to fiduciary duties and statutory requirements. He guides clients through each stage of a company's life cycle, including formation and conversion from other entity types, corporate governance and internal investigations, stock issuances and preferred stock investments, mergers, acquisitions, asset sales, dividends, stock repurchases, and tender offers, dissolution, liquidation, and winding up, and other statutory matters. Nate regularly represents private and public companies and their boards of directors, special committees, and investors. He also provides Delaware corporate advice in the context of litigation regarding such matters.
The Texas Business Court analyzed a Texas LLC agreement’s drag‑along provision, focusing on board approval requirements for membership unit transfers.…