Doll v. Little Big Warm

Summary

The court affirmed the determination that the Dolls dissociated from the LLC when they served their complaint requesting dissolution or, alternatively, a purchase of their interests. It also affirmed application of the eight-year contract limitations period because the fiduciary and good-faith obligations arose from and functioned within the operating agreement. The court held that punitive damages were unavailable for these contract-based claims and remanded for their removal from the judgment.