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10 Dec 2018, 7:34 pm
Nov. 28, 2018), the court, in a comparatively short opinion, interprets Section 18-802 of the Delaware LLC Act to order a dissolution of the LLC involved in this matter. [read post]
12 Feb 2015, 10:33 am
Since a principal is liable for the acts of its agent taken in furtherance of its business, even if it is unaware of those actions (Op. [read post]
1 Aug 2016, 3:23 am
MFB Realty has since filed a notice of appeal, the successful prosecution of which will be required if it is to have any say in the LLC’s business affairs or any role in monitoring the performance of the LLC’s controllers’ fiduciary obligations. [read post]
27 Dec 2023, 7:00 am
It forces certain members of businesses (those who formed them and those who own large portions of the entity) to report sensitive information to the Federal Government. [read post]
14 Jan 2020, 2:12 pm
That statute provides that members may be liable for distributions which left the LLC unable to pay its debts as they became due in the ordinary course of business or which left it in the red, so to speak. [read post]
11 Jan 2009, 3:15 pm
The Alter Ego Doctrine is generally based on the idea that the member(s) of the LLC have acted as one and the same in a manner that works a fraud or injustice on another, and therefore should share the same liabilities. [read post]
11 Aug 2014, 3:32 am
(The rules are different in states that have enacted the Revised Uniform Partnership Act.) [read post]
12 Jun 2023, 6:00 am
Next Level Ventures, LLC v. [read post]
8 Dec 2020, 3:48 pm
The panel stated that it agreed with the trial court’s finding that Doherty lacked standing under the LLC Act and the amended operating agreement to bring a breach of fiduciary duty claim. [read post]
4 May 2020, 12:16 am
There is, of course, a way to pack more punch into an LLC manager’s contractually authorized sole-discretion: form the LLC in Delaware and include in the operating agreement a provision as authorized by Delaware’s LLC Act — for which New York’s LLC Law has no counterpart — expressly waiving all of the manager’s fiduciary duties. [read post]
23 Oct 2018, 3:17 pm
UAMC is a mortgage lender headquartered in Miami, Florida, doing business […] The post Universal American Mortgage Company, LLC Agrees to Pay to Settle for Failing to Follow FHA Rules appeared first on Mortgage Fraud Blog. [read post]
19 Dec 2008, 5:16 am
Wyatt Stone and Stone Foundation, LLC v. [read post]
30 Mar 2017, 10:00 pm
Dave advises businesses of all sizes on the legal and practical issues that they face every day.Below is a guest post that he has written which is applicable to landlords, many of which hold their rental properties in LLC;s, but also to anyone that has an LLC.Is Your LLC Protecting Your Personal Assets? [read post]
2 May 2016, 3:09 am
According to the defendants, the sole reason plaintiff was to be a member of the new LLC was to act as a surety for pre-construction agreements. [read post]
6 May 2010, 11:52 am
On May 6, the Department of Justice announced a $26.3 million settlement with Ciena Capital LLC over allegations that the Small Business Administration lender violated the False Claims Act. [read post]
25 Jul 2011, 1:18 pm
Limited Liability Company (LLC) During the past 30 years, the LLC has risen from realtive obscurity in Wyoming to wide-spread acceptance and usage in every state as an entity of choice for many businesses and for many asset protection plans. [read post]
24 Apr 2023, 6:00 am
Jan. 10, 2023)In a dispute about the manager of a limited liability company, Section 18-110 of the LLC Act grants the Court of Chancery the statutory authority to order the production of books and records “relating to the issue. [read post]
30 Oct 2016, 2:43 pm
Further, if Cavalry SPV I LLC shows up on your credit report it is likely that they will not be able to validate that you owe a debt in accordance with the Fair Credit Reporting Act and therefore any negative reporting must be removed from your credit upon a request for validation. [read post]
29 Jan 2014, 2:27 pm
CRC 603, LLC, et al. [read post]
29 Jan 2014, 2:27 pm
CRC 603, LLC, et al. [read post]
