Category: LLCs

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WASHINGTON’S NOT QUITE UNIFORM VOIDABLE TRANSACTIONS ACT TAKES EFFECT JULY 23

UVTA. Washington’s version of the Uniform Voidable Transactions Act (UVTA) will become effective on July 23.  The Uniform Law Commission (ULC) adopted amendments and a new name for the Uniform Fraudulent Transfer Act (UFTA) in 2014, and Washington will become the 15th state to enact the new version.  As Professor Ken Kettering, the reporter for … Continue Reading

In re Alameda Investments, LLC: The Liquidating Trustee Has More Than an Economic Interest

The Ninth Circuit B.A.P. has affirmed in In re Alameda Investments, LLC that transfer restrictions in a limited liability company operating agreement to which the debtor was a party do not prohibit transfer of the debtor’s entire membership interest (including voting rights) to a liquidating trust established pursuant to the debtor’s chapter 11 plan. In … Continue Reading
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