Ocean Casino Resort in Atlantic City. Credit: Chris6d via Wikimedia Commons Appellate Division Weighs 'Not Reasonably Practicable' Standard in Casino Clubs Dissolution
"We conclude the sound reasoning applied by the Connecticut, Montana, and Kansas courts in interpreting their judicial dissociation statutes, which mimic N.J.S.A. 42:1A-31(e)(3), should be followed to judicially dissociate Blue Ocean Waters from its partnership with AC Ocean Walk," Appellate Divisison Judge Thomas Sumners Jr. said.
May 28, 2024 at 06:14 PM
5 minute read
In a published decision, the Appellate Division upheld an order granting judicial dissociation and dissolution of a partnership agreement between AC Ocean Walk and its partner that operated the casino's nightclub and beach club, Blue Ocean Waters, finding that the order was appropriate under the "not reasonably practicable" standard.
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