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In the context of LLC members, the Illinois Limited Liability Company Act (805 ILCS 180/35-1) provides for the dissolution of the company upon the application by a member or transferee of a distributional interest, upon entry of a judicial decree that the managers or those members in control of the company have acted or are acting in a manner that is oppressive and was, is, or will be directly harmful to the applican]. [read post]
30 Apr 2024, 7:58 am by Richard West
  It aims to prevent abuse of Chapter 7 bankruptcy by ensuring that only those who genuinely need the debt relief it offers can access it.By setting income limits based on the median household income in each state, the Means Test establishes a threshold beyond which an individual may be required to file for Chapter 13 bankruptcy instead. [1] Gather Information About Your Finances When filing for Chapter 7 bankruptcy in… [read post]
19 Apr 2024, 9:27 am by CFM Admin
A qualifying venture capital fund is a venture capital fund which, by virtue of its being under the applicable dollar threshold in aggregate capital contributions and uncalled committed capital, is exempted from the 100 beneficial owner limitation of Section 3(c)(1) of the Investment Company Act of 1940, as amended, and may instead raise capital from up to 250 beneficial owners. [read post]
16 Apr 2024, 6:19 am by admin
“Encouraging safety: the limits of tort law and government regulation. [read post]
14 Apr 2024, 9:05 pm by renholding
SEC.[5] At other times, the Court has stepped on the gas pedal in decisions such as Basic v. [read post]
13 Apr 2024, 3:33 pm by admin
The FDA’s actions led the drug companies voluntarily to withdraw PPA-containing products. [read post]
10 Apr 2024, 11:38 am by Matthew Dochnal
Delaware state law requires all limited liability companies (LLCs) and corporations to have a Delaware Registered Agent at all times. [read post]
5 Apr 2024, 7:34 am by Bailey Waltzer
This means that regardless of who caused the accident, your own insurance company will pay for your medical expenses and lost earnings up to a specific limit. [read post]
4 Apr 2024, 9:01 pm by renholding
 An acquiring company that is not involved in the reported conduct will have limited access to relevant information about the acquired company’s misconduct prior to closing. [read post]