My question involves business law in the state of: NV or CA
I've done a lot of research on this and cannot come to a conclusion....
In this case there is no mention of removal, disassociation, expulsion in the Operating Agreement
1) If a LLC member commits fraud, gets sued by the LLC, and loses based on acts of fraud.....does he retain his membership interest in the company?
2) Can the operating agreement be amended(current OA says it can be amended anytime) to strip the membership interest away? If so, does the LLC have to buy the interest back, or can you just take it back?