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LLC and Partnership Transfer Restrictions Excluded from UCC Article 9 Overrides, Business Law Today

February 07, 2019

Morgan Lewis partner Edwin Smith co-authored an article for Business Law Today on the organizational law of limited liability companies, specifically the “pick-your-partner principle.” He explains in the article that the pick-your-partner principle has complex interactions with Article 9 of the Uniform Commercial Code (UCC). The article focuses on amendments to Article 9’s overrides and where they now stand as applied to LLC and partnership interests.

Read the full Business Law Today article.