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16 Oct 2023, 11:40 am
Step 2: Hold a Member Vote: Appointing a president in an LLC often requires holding a vote amongst Members. [read post]
24 Jul 2017, 3:41 am
And how can the owners hold themselves out to the world as an LLC while acting as partners among themselves? [read post]
13 Oct 2022, 3:35 am
Other states have default rules requiring a majority vote to amend the articles or operating agreement, approve the sale of LLC assets, wind up the LLC, and admit new members. [read post]
2 Oct 2007, 10:41 am
Do LLCs work well to hold title to and deal in real property? [read post]
15 Jan 2019, 10:56 am
The post New York legislature passes major election reform legislation appeared first on JURIST - News - Legal News & Commentary. [read post]
29 Oct 2012, 8:37 am
However, the Residential Mortgage Backed Securities Fraud Working Group ("RMBS Fraud Working Group") seeks to hold the major financial institutions accountable for the problems they have caused. [read post]
24 Sep 2018, 2:31 am
Not according to Manhattan Commercial Division Justice Saliann Scarpulla whose decision last month in Yu v Guard Hill Estates, LLC, 2018 NY Slip Op 32008(U) [Sup Ct NY County Aug. 15, 2018], dismissed a minority member’s claim for judicial dissolution of two family-owned, realty-holding LLCs under Section 702 of New York’s LLC Law. [read post]
11 Nov 2019, 3:45 am
In 1996, he and Rubin converted the partnership to a manager-managed LLC in which each holds a 50% membership interest and each is a designated manager. [read post]
2 Jul 2010, 7:00 am
Are new changes coming for Mississippi real estate LLCs? [read post]
23 Jan 2023, 4:48 am
New York’s LLC Law § 702 is an almost exact replica of Delaware’s LLC Act § 802, neither of which mentions the word deadlock. [read post]
10 Jan 2023, 6:57 am
A third party of an LLC, however, cannot be members of the LLC unless it is approved by a majority of those holding membership interests. [read post]
19 Apr 2021, 4:03 am
New York continues to buck the nationwide trend toward harmonization of close corporation and LLC law governing judicial dissolution, as made clear in cases such as Doyle v Icon and Barone v Sowers explicitly holding that New York’s LLC Law § 702 neither mentions nor otherwise accommodates oppression as a basis for seeking judicial dissolution. [read post]
31 Oct 2013, 10:22 am
Section 403 of NY LLC Law says that except as set forth in the operating agreement, LLC shall hold annual meetings. [read post]
6 Jan 2020, 4:21 am
I’m not holding my breath, especially as regards the New York legislature which has barely tinkered with the state’s LLC Law since its adoption 25 years ago while most other states have made major advances including adoption of the Revised Uniform LLC Act. [read post]
18 May 2015, 3:48 am
According to the complaint (read here), in 2002 plaintiff Barone as 20% member and defendant Sowers as 80% member formed 899 Fulton LLC to hold title to a two story, commercial building in Brooklyn with a current market value of at least $3 million. [read post]
14 Jun 2021, 4:32 am
As of this year, 21 others have done so not including New York which continues to limp along with its creaky LLC Law enacted in 1994. [read post]
24 Nov 2014, 3:22 am
I previously wrote about a Delaware Chancery Court decision in Paul v Delaware Coastal Anesthesia, LLC in which the court upheld the removal of a manager by written consents of the majority members based on the absence of any provision in the LLC agreement expressly negating the Delaware LLC Act’s default rule, analogous to New York’s LLC Law § 407(a), allowing member action by written… [read post]
6 Apr 2020, 12:41 am
If it did, in theory the members holding a bare majority-in-interest could hold a new vote either to ratify the filing done in April 2018 by the one member, or to approve a new filing of a corrected Certificate of Revival assuming its acceptance by the Delaware Secretary of State. [read post]
29 Oct 2012, 8:37 am
However, the Residential Mortgage Backed Securities Fraud Working Group ("RMBS Fraud Working Group") seeks to hold the major financial institutions accountable for the problems they have caused. [read post]
30 Apr 2012, 3:00 am
JG Club Holdings, LLC v. [read post]
