McDonough v. McDonough

In 1992, brothers Mark, Matthew, and Patrick McDonough established TASC, a corporation that provided technical engineering services. In September 1995, the brothers converted TASC to a Limited Liability Company (LLC). The brothers had a falling out. As a result, Mark sued the defendants seeking a declaration that TASC must dissolve by September 30, 2015, pursuant to its certificate of formation and operating agreement. Both parties moved for summary judgment. After a hearing, the trial court ruled that: (1) an August 7 dissolution and revocation had no effect on TASC’s governing documents; and (2) TASC was not required to dissolve because its operating agreement permits a majority of its members to continue the company. Consequently, it denied summary judgment to Mark and granted summary judgment to defendants. Finding no reversible error in that judgment, the Supreme Court affirmed. View "McDonough v. McDonough" on Justia Law