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Observer Call: ULC Series of Unincorporated Business Entities Act
Wednesday, October 04, 2017, 4:00 PM - 5:00 PM EDT
Category: ACCFL Executive Committee Meeting

Fellow E. Carolan Berkley will be the presenter. 

ULC Series of Unincorporated Business Entities Act.  At its summer 2017 meeting, the Uniform Law Commission approved the Limited Liability Company Protected Series Act (the “Act”) after its final reading.  Subject to some non-substantive fine tuning, the Act will be ready to go to state legislatures for introduction and adoption.  Carolan will walk us through the Act and how it is designed to protect the assets of one protected series from creditors of another protected series and of the series limited liability company. Carolan will also highlight the provisions of the Act intended to ensure that the series structure is transparent to third parties.