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The Bankruptcy Code Doesn’t Invalidate Transfer Restrictions in an Operating Agreement

The transfer restrictions in an LLC’s operating agreement are enforceable in a bankruptcy sale, the Tenth Circuit BAP says.

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Opinion Link

Case Details

Case Citation

Malloy v. Trak-1 Technology Inc. (In re Kramer), 21-005 (B.A.P. 10th Cir. Nov. 23, 2022)

Case Name

Malloy v. Trak-1 Technology Inc. (In re Kramer)

Case Type

Business
Court