INDEMNIFICATION OBLIGATIONS
Old 322B law: The old LLC law provides mandatory indemnification obligations.
New 322C law: The New LLC law provides much more ability to limit or define indemnification rights and obligations.
Issues to Consider: Look over your documents to determine if the indemnification rights of individuals and obligations of the LLC are what you want. As an owner, governor, and/or manager, you have different perspectives and you must consider what you want from the company or for the individuals.
RETURN TO NEW LLC ISSUES
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