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23 Jan 2014, 12:52 pm
Similar to dissociation, an LLC is dissolved when: 1) On the dissolution date provided in the certification of formation; 2) An event triggering dissolution as defined in the operating agreement; 3) Unanimous written consent of the members; or 4) 90 days after the date the LLC no longer has at least one member. [read post]
24 Sep 2018, 2:31 am
Was it deliberately inserted at the parents’ insistence based on a belief that their children would be unable to achieve consensus to deal with unknown, future events necessitating changes to the operating [read post]
23 Oct 2023, 4:44 am
Colson asked the trial court to dissolve the realty LLC, stating she would “love” to be bought out but in any event she wanted to put the building up for sale and separate. [read post]
26 Feb 2018, 3:49 am
Unlike the LLC statutes in many other states, New York’s LLC Law does not authorize the LLC or any of its members to seek judicial expulsion of another member, no matter how egregious the member’s behavior. [read post]
5 Nov 2010, 3:25 am
Crosstown Music Co 1, LLC v Rive Droite Music Ltd and others [2010] EWCA Civ 1222 ; [2010] WLR (D) 277 “An assignment of copyright which was subject to automatic reverter in the event of an unremedied notified material breach of contract prior to the expiration of the period of copyright was permitted by s 90 of the Copyright, Designs and Patents Act 1988. [read post]
17 Jul 2011, 8:26 am
However, LLCs are more popular in those states whose LLC statutes expressly uphold the principle of contractual freedom and thus reassure LLC members that courts will not rewrite their contract in the event of a lawsuit. [read post]
20 Oct 2016, 6:30 am
The passage outlines common oversights when forming an LLC, placing an emphasis on protecting individual members from risks, including those within their own LLC Operating Agreement. [read post]
5 Jul 2023, 12:52 pm
During an extreme volatility event in February 2018, the value of LJM dropped by 80%. [read post]
20 Jun 2022, 4:41 am
Legislatures should amend their LLC statutes to permit LLCs “to ‘opt in’ to the machinery of derivative litigation, rather than force them to ‘opt out’ of it,” or even to exempt closely held LLCs from the strictures of derivative litigation. [read post]
6 Feb 2020, 6:17 am
This event is presented by Michael Fitzsimmons of Williams Trading and sponsored by Cole-Frieman & Mallon LLP and Aspect Advisors LLC. [read post]
11 Dec 2019, 12:00 pm
Provided below is a description of the event. [read post]
18 Sep 2008, 1:54 pm
In the event of a lawsuit, this can result in "veil piercing" which, as we have discussed here previously, is much harder to do to an LLC. [read post]
25 Oct 2022, 7:17 am
The post Koprince McCall Pottroff LLC’s New Joint Venture Handbook Is Now Available! [read post]
16 Nov 2021, 1:32 pm
Establishment of an acceptable contingency plan in the event that one or more members cease to be Code Section 501(c)(3) organizations or governmental units. [read post]
3 Nov 2009, 1:59 am
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 The following are various hedge fund events happening this month. **** November 2 Sponsor: University of Oregon Lundquist College of Business Securities Analysis Center Event: Portland Alternative Investment Association - Educational… [read post]
20 Jun 2016, 3:16 am
” The LLC had been dissolved under the express terms of its operating agreement because the decedent’s death constituted an event of dissociation, and a non-judicial dissolution had occurred because a supermajority of the non-dissociated members did not consent in writing to continue the business of the company within ninety days. [read post]
12 Apr 2020, 6:39 pm
The Complaint alleged that Cobra botched the construction of the power plant, which caused the DOE to declare events of default that triggered rights to alter Tonopah’s governance structure, thereby removing SolarReserve from control over Tonopah. [read post]
9 Nov 2018, 6:59 am
Cardux LLC, C.A. [read post]
10 Dec 2018, 3:08 am
The LLC’s contract breach claim also contends that the sale of the UES Building should have triggered the LLC’s dissolution under sections 8.1 (b) and 8.1 (d) of the Operating Agreement, the former calling for dissolution upon “the sale of all of the Company’s assets and the collection and distribution of all proceeds therefrom” and the latter requiring dissolution upon “the occurrence of any event which makes it unlawful… [read post]
18 Jan 2023, 6:42 am
The New Act will govern all LLCs whether formed before or after the effective date of the New Act including foreign LLCs qualified to do business in Ohio. [read post]
