Kinwood Capital Group, L.L.C. v. Northlake

BankPlus appeals the district court’s affirmance of the bankruptcy court’s decision that certain deeds that BankPlus held were legal nullities. The panel certified a question to the Mississippi Supreme Court, and that court accepted the question. We AFFIRM.

Kinwood Capital Group, L.L.C. (“Kin-wood”) is a member-managed Mississippi limited liability company formed for the purpose of purchasing and developing an approximately 520-acre tract of land in Mississippi (“Property”). As relevant here, George Kiniyalocts owned 75 percent of Kinwood through a family limited partnership that he…