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Daily Archives: Tuesday, March 16, 2021

Posted: March 16, 2021

That LLC Was Not Formed When it Was Assigned Note Did Not Cause it to Lack Standing to Enforce Note

On March 10, 2021, the Second Department issued a decision in Torto Note Member, LLC v. Babad, 2021 NY Slip Op. 01438, holding that even though an LLC was not formed when it was assigned a note, the LLC had standing to sue on the note, explaining: The appellants also failed to raise a triable... Read more »