Legal Question in Business Law in New York

Llc's

Member ''N' of LLc sold shares to individual via a written contract and with consent of the other members. Individual pd half of the mone to member''N'' and still owes the rest of the monies. Other memmbers want to refinance the blding that is owned by the LLC, can they refi without the ind. who still owes member N money for the shares?


Asked on 6/14/08, 12:36 pm

2 Answers from Attorneys
Christopher Hoyt The Law Offices of Christopher W. Hoyt

Re: Llc's

It is difficult to tell without reviewing the paperwork. An attorney would need to review the appropriate documents and company books to determine whether or not this individual's consent would be required in this situation. Please feel free to contact my office if we may be of any assistance in this matter.

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Answered on 6/14/08, 3:41 pm
Nancy Delain Delain Law Office, PLLC

Re: Llc's

The answer to your question is simple yet ungratifying: IT DEPENDS on things which your question provides no information on.

THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.

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Answered on 6/14/08, 8:57 pm


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