Gilliam v. Speier (In Re KRSM Properties, LLC)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[T]he filing of a bankruptcy case does not operate, without more, to effect a change in the status of income tax elections regarding an LLC.”
• “[M]embers of LLCs cannot assert 7 causes of action derived from causes of action owned by the LLC.”
• “[A]n LLC, by virtue of its structure and limited liability features, fits comfortably within the Bankruptcy Code’s definition of ‘corporation .... ’ ”
• where the court, considering whether an L.L.C. was a “person” for purposes of the Code and thus eligible to be a debtor, held that an L.L.C. fits within the definition of “corporation” as used in § 101(41)

Source: CourtListener parenthetical corpus (CC0).