Legal Question in Credit and Debt Law in Virginia

warrant in detinue against a disolved limited liabiliy corp.

if a owner of a disolved limited liability corp. has inventory owned by a prior paying customer and does not have a personal liability on behalf of himself. then who, or what can be named,and responsible for giving the inventory back to the customer.warrant in debt has been filed against the disolved LLC. nothing.of course when the hores is dead you should get off. warrant indetnue filed against owner of disovled LLC. grounds of defense are that there is no personal liablility on the part of the owner.

how can i get my inventory back? i have seen my inventory housed at another LLC in operation. and have filed a warrent in detinue against that LLC.


Asked on 10/20/02, 9:10 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: warrant in detinue against a disolved limited liabiliy corp.

The owners of a dissolved LLC are liable for the LLC's debts to the extent of assets distributed to them on dissolution (they hold such assets in trust for the creditors). They can be sued in their own names or in the entity name. Further, if the actual physical property belongs to you, you can sue whomever possesses it. If the owner disposed of it after dissolution, he is personally liable to you for conversion.

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Answered on 10/20/02, 3:40 pm


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