Quote:
Originally Posted by Sugar Mouse
Fleetwood Mac is owned by Mick Fleetwood and John McVie. All the others are technically contracted employees.
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Per the complaint filed by Lindsey:
During both of Buckingham's tenures with Fleetwood Mac, the Band operated as a partnership in which each of the Partners had the right to veto any major decision considered by the Partnership. During their respective tenures with the Band, the Partners always shared equally in all economic opportunities undertaken by the Partnership and owned equal shares of the entities formed to enter into specific agreements on behalf of the Partnership.
Since Buckingham and Nicks joined the band in 1975, no Partner has been involuntarily dismissed from the Partnership. In fact under the California's Uniform Partnership Act of 1994 (the "Uniform Partnership Act"), absent a written partnership agreement, no Partner in Fleetwood Mac may be terminated from the Partnership without cause.