New York’s default rules regarding LLC members’ rights to transfer their interests appear in sections 603 and 604 of the LLC Law. Section 603 provides that a membership interest is.
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Delaware has significant uptick in assignments for the benefit of creditors filings. Court of Chancery sent strong message that it expects parties pursuing bankruptcy alternative to do better at justifying relief. This requires more frequent, robust disclosures.
Background - Delaware has seen a significant uptick in the number of assignment for the benefit of creditors (ABC) filings. Through recent decisions, the Court of Chancery has sent a.