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3 Feb 2017, 7:49 am
  Further, the Operating Agreement plainly stated that mere status as a member did not vest with capacity to bind the LLC. [read post]
5 May 2007, 6:39 am
The Court cited CPLR 321, and stated: An LLC, like a corporation or voluntary association, is created to shield its members from liability and once formed is a legal entity distinct from its members (see Tierra West Apts., LLC v Bobadilla, NYLJ, Apr. 21, 1999, at 27 [Civ Ct, New York County]; Monte Carlo, LLC, v Yorro, NYLJ, May 7, 2003 at 25 [Dist Ct, Nassau County]). [read post]
18 Aug 2017, 6:43 am by lgraham@bc-cm.com
  “The Court clearly affirmed that Congress’ intent for the RFS from the very beginning was to crack the petroleum monopoly and to push biofuels into the marketplace,” stated Monte Shaw, IRFA Executive Director. [read post]
22 Jan 2011, 5:25 am by Gregory Forman
 That was the holding in the January 19, 2011 Court of Appeals decision in Reiss v. [read post]
7 Nov 2014, 5:52 am
  By our count, federal judges have trampled over state sovereignty with respect to the heeding presumption in no fewer than eleven states – Alaska, Colorado (despite contrary state-court authority), Georgia, Hawaii, Illinois, Iowa, Kentucky, Maine, New York (despite contrary state-court authority), South Dakota, and Wyoming.Finally, because various states have taken quite different approaches to whether a heeding presumption exists at all and… [read post]
10 Oct 2017, 8:00 am
 As for the UCC claim, Section 9-625(b) states that a “transferee of funds from a deposit account takes the funds free of a security interest in the deposit account unless the transferee acts in collusion with the debtor in violating the rights of the secured party. [read post]
6 Aug 2024, 11:32 pm by Administrator
It argues that the state cannot be held liable for anything done in the exercise of legislative power. [read post]
6 Mar 2014, 12:41 pm
  The Seventh Circuit applied the state’s safe harbor to a drug-related consumer fraud claim in Bober v. [read post]