Legal Opinion
Weddell v. H2O, INC.
Nevada Supreme Court
Decided March 1, 2012No. 55200PublishedCited by 93 opinions
1Opinion of the Court
OPINION
By the Court,
Cherry, J.:
In this appeal, we consider distinct issues arising from a fall-out between business partners. We first consider whether a judgment creditor divests a dual member and manager of a limited-liability company of his managerial duties. In doing so, we determine the rights and remedies of a judgment creditor pursuant to NRS 86.401. We conclude that a judgment creditor has only the rights of an assignee of the member’s interest, receiving only a share of the economic interests in a limited-liability company, including profits, losses, and distributions of assets.…
2Cases cited34 opinions
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- Elf Atochem North America, Inc. v. JaffariSupreme Court of Delaware · 1999
- Metzger v. . &198tna Ins. Co.New York Court of Appeals · 1920
- Ogawa v. OgawaNevada Supreme Court · 2009
- J.A. Jones Construction Co. v. Lehrer McGovern Bovis, Inc.Nevada Supreme Court · 2004
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3Cited by93 opinions
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- In re B & M Land & Livestock, LLCUnited States Bankruptcy Court, D. Nevada · 2013
- Montana v. Blixseth (In Re Blixseth)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2012
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