by Staff of the Firm | Jul 26, 2016 | Business Management, Personal Liability, Uncategorized
Merrill Ranch Properties, LLC v. Austell[1] involved a bank loan to an LLC, secured by certain property in Arizona and guaranteed by an affiliated individual and eight trust entities he controlled. At some point, the loan was declared in default and the bank filed a...
by Staff of the Firm | Jul 19, 2016 | Business Management, Personal Liability, Uncategorized
In our previous blog series on Comparison of LLC Statutes, we briefly touched on the concept of LLC charging order. In many states, including Delaware, New York, and Texas, a creditor with a judgment against an LLC member can apply for a charging order to satisfy the...
by Staff of the Firm | May 31, 2016 | Business Management, Personal Liability, Uncategorized
Merrill Ranch Properties, LLC v. Austell[1] involved a bank loan to an LLC, secured by certain property in Arizona and guaranteed by an affiliated individual and eight trust entities he controlled. At some point, the loan was declared in default and the bank filed a...
by Staff of the Firm | May 24, 2016 | Business Management, Personal Liability, Uncategorized
In our previous blog series on Comparison of LLC Statutes, we briefly touched on the concept of LLC charging order. In many states, including Delaware, New York, and Texas, a creditor with a judgment against an LLC member can apply for a charging order to satisfy the...
by Staff of the Firm | Dec 29, 2015 | Business Management, LLC, Uncategorized
Vision Marketing Resources, Inc. v. McMillin Group, LLC. In Vision Marketing, the court first addressed whether it could issue a charging order against a non-Kansas LLC over which it did not have jurisdiction. There was no Kansas case law on this issue, so the court...
