Idaho Supreme Court October 16, 2008, 34023 (Johannsen v. Utterbeck)

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United States · · · 16-10-2008

*426

W. JONES, Justice.

I. FACTUAL AND PROCEDURAL BACKGROUND

In early 2001, Robert Utterbeck (“Appellant”) and Robert Johannsen (“Respondent”) formed Brookside, LLC (“LLC”) to develop the Brookside subdivision (“Brookside”). Soon thereafter the parties executed the LLC Operating Agreement, which includes the following relevant clauses:

2.04. Capital Contributions.

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