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Corporations Keyed to Rhee
Woodside Properties, LLC v. MKR Development, LLC
Citation:814 S.E.2d 179 (Va. 2018)
Melvin Davis Sr., the husband of Dorothy and the father of Kaye, Melvin Jr. and Rex, founded and owned Melvin L. Davis Oil Company. He sold the company stock to his three children. Melvin and Dorothy formed Woodside Properties as a limited liability company. The operating agreement for Woodside Properties appoints MRK Development, LLC as the manager of Woodside Properties. Under MKR’s operating agreement, Rex, Melvin Jr., and Kaye are its managers. When Melvin and Rex refused to pay Dorothy and provide accounting, Dororthy asked for MKR to be removed as a manager of Woodside Properties.
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