Current Issues with LLC/LP Interests as Collateral

Practical Law The Journal recently published an updated Q&A article with Morris Nichols alternative entities partner Tarik Haskins.

The piece discusses recent trends relating to pledges of limited liability company (LLC) or limited partnership (LP) ownership interests as collateral in connection with secured financings.

The article addresses drafting issues, UCC collateral classification, transfer restrictions, distributions and proceeds, remedies, and how the landscape for LLC/LP interests as collateral has changed recently.

Click here to read the full article.

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Tarik J. Haskins, “Current Issues with LLC/LP Interests as Collateral,” Practical Law The Journal

(March 2023)