The question of "legality," in terms of whether or not some law is being violated, cannot be answered at this time. There is simply not enough information. If you have a contract for the repurchase of your interest in the LLC, however, then you may have a claim for breach of that contract. This claim exists even if no laws are broken. You should contact counsel at your earliest convenience to determine how best to enforce your contract, and to see if you have any additional claims against the remaining principals in the LLC.
Answered on Jul 22nd, 2014 at 9:53 AM