Exclusion of a member from a Limited Liability Company (LLC)

The Companies Act prescribes the ways in which membership in a limited liability company (d.o.o., LLC) can be terminated. According to the law, membership may cease in the following ways: 1. Death of a natural person member 2. Dissolution of a legal entity member 3. Transfer or sale of a business share 4. Withdrawal (redemption of the business share – e.g., exclusion due to non-payment of share contribution – forfeiture) 5. Exclusion of a member for other reasons 6. Voluntary withdrawal of a member from the company 7. Dissolution of the company. A member of a limited liability company may be excluded if there is an important reason,...

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