November 08, 2024 | The Legal Intelligencer
Membership Has Its Privileges: Bankruptcy Court Examines LLC's Authority to File BankruptcyIn this case, the issue was whether the president was authorized to do so. In a recent decision issued on Sept. 30, 2024, the U.S. Bankruptcy Court for the Eastern District of Michigan examined this fundamental question of basic corporate governance and provided guidance to bankruptcy practitioners who may face similar questions in the future.
By Lawrence J. Kotler and Drew S. McGehrin
8 minute read
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