WYOMING AMENDS ITS LIMITED LIABILITY COMPANY ACT

In 2014, the Wyoming Supreme Court reached its controversial decision in Greenhunter Energy, Inc. v. Western Ecosystems Technology, Inc 1 , in which it held the sole member of an insolvent single-member LLC personally liable for the LLC’s unpaid debts. As a direct result of that decision, Wyoming added new subsections (c) and (d) to Section 17-29-304 of the Wyoming Statutes, effective March 15, 2016. These new subsections establish factors...
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Seminars & Events:

April, 2017 - CELESQ
“An Asset Protection Planning Primer for Estate Planning, Tax and Creditors Rights Lawyers”
Live Web Cast
May 31 – June 1, 2017 - 

SOUTHPAC TRUST OFFSHORE PLANNING INSTITUTE CONFERENCE 2017, “Asset Protection in a Changing World” (31 May 2017) and “Questions & Answer Panel on Industry Challenges to Asset Protection Structures” (1 June 2017)
Las Vegas, Nevada

 

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Barry S. Engel
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