JD Supra

Assignment of Membership Interests . . . Always Check the Operating Agreement and The LLC Law

In Kober v. Nestampower, 2025 N.Y. Slip Op. 06609 (2d Dept. Nov. 26, 2025), the Appellate Division, Second Department, decided an appeal involving disputes over membership interests in a limited ...
JD Supra

Operating Agreement Trumps Postnup in High Stakes Battle Over Transfer of LLC Interest

Husband owns 99% membership of manager-managed LLC. Children own remaining 1%. Postnuptial agreement says husband’s “interest” in LLC goes to wife. LLC agreement says any transferee is not admitted as ...
USA Today

What is an LLC operating agreement?

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal operations ...
Morningstar

Peoria Resources, LLC entered into Membership Interest Purchase Agreement with Verdad Resources Feeder LLC in an all equity transaction

HOUSTON, Dec. 19, 2025 /PRNewswire/ -- Peoria Resources, LLC ("Peoria"), a subsidiary of JAPEX (U.S.) Corp. ("JUS"), the overseas consolidated subsidiary of Japan ...
Forbes

Of Ipso Facto Clauses, Executory Contracts, And LLC Operating Agreements In Bankruptcy

Forbes contributors publish independent expert analyses and insights. I cover Wealth Preservation in its legal permutations When drafting LLC operating agreements, lots of planners include clauses to ...