Volume 45, Issue No. 1 (Fall, 2012)

Series LLCs: Nuts and Bolts, Benefits and Risks, and the Uncertainties that Remain

Bankruptcy Law - May a Creditor Internally Allocate Collateral to Become Oversecured after the Bankruptcy Petition has been Filed?

The Series LLC: A New Planning Tool

This paper discusses the state of law on Series LLCs under the Texas Business Organizations Code (“TBOC”) with some consideration of other jurisdictions’ laws and practice pointers for resolving the issues presented by the statutory formulation for the Series LLC. After discussing what Series LLCs are and can do, the paper will analyze points of ambiguity and development where the results of the use of the Series structure may not be perfectly clear.

Guaranty and Suretyship Law - Whether an Individual May Avoid Obligations Under a Personal Guaranty Contract When a Company Converts to a Different Organizational Form

Partnership Law - Does a Partner's Desire to Terminate the Partnership at a Later Date Constitute Dissolution?

Supplement No. 5 to the Report of the Legal Opinions Committee Regarding Legal Opinions in Business Transactions: Statement on Entity Status, Power and Authority Opinions Regarding Pre-Code Texas Entities and Pre-Code Registered Foreign Entities Under the Texas Business Organizations Code

Practical Pitfalls in Drafting Texas Limited Liability Company Agreements