Delectus Personae

• Delectus Personae

[Latin, Choice of the person.] By this term is understood the right of partners to exercise their choice and preference as...

• West's Encyclopedia of American Law
• Com–Dor

• Two Decades of 'Alternative Entities': From Tax Rationalization Through Alphabet Soup to Contract As Deity

This essay: (i) puts into perspective the past 20 years of developments in the U.S. law of limited liability companies (LLCs), limited liability partnerships (LLPs), and limited liability limited partnerships (LLLPs); (ii) explains how a movement toward tax rationalization has been transformed into a palace coup aimed at fiduciary duty (a fundamental tenet of the U.S. law of closely held businesses); and (iii) criticizes both conceptually and pragmatically efforts to "kill Cardozo" and worship "freedom of contract.

... (and historically venerated) notion of delectus personae?108. Consider also, that for at least a c...

• Fordham Journal of Corporate & Financial Law
• Vol. 14 Nbr. 2, March 2009

• Dissociation of a Member from a Louisiana Limited Liability Company: The Need for Reform

Bankruptcy of a Member. A. Policy Considerations. B. Case Law Concerning the Bankruptcy of an LLC Member. C. Fifth Circuit Precedent. II. Expulsion; sale of a Member's Entire Economic Interest. III. Voluntary Withdrawal. IV. Death, Interdiction, Dissolution, or Termination of a Member. A. The Problem Under the Louisiana LLC Law. B. Section 12:1333 and Estate Planners. V. Conclusion.

... statutes is the principle of delectus personae , that partners have the right to choose ...

• Louisiana Law Review
• Nbr. 66-2, January 2006

• The ABC's of LLCs.

...4. The partnership concept of "delectus personae" (permitting a member of an association t...

• The National Public Accountant
• Nbr. 2003, June 2003