“BARE NAKED ASSIGNEES”

By , January 12, 2018 7:51 am

The post by Peter Mahler under the link below is the best brief discussion I’ve seen anywhere about the rights of “mere” (or “bare naked”) assignees of LLC membership rights.  The key notion is:  If an assignee has any legal rights whatsoever as an assignee, he or she must also have legal remedies by which to protect those rights.

But a well-drafted operating agreement will ensure those remedies as a contractual matter.

Here’s the link:

https://www.nybusinessdivorce.com/2017/11/articles/access-to-books-and-records/can-bare-naked-assignee-demand-access-llc-records/

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