Courts often appoint receivers to manage the affairs of LLCs when the internal management is conflicted or broken. General equity receivers (as opposed to more limited receiverships.
In its 1997 decision Cortez v. Vogt, the California Court of Appeal ruled that the limitations period during which an action to avoid a fraudulent or voidable transfer begins to run.
Now that the SEC has started prosecuting toxic convertible note lenders for violation of the Securities and Exchange Act of 1934 for engaging in the business of buying.