Hagan v. Adams Property Associates, Inc.

How courts have described this case

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

• holding that limited liability company can exchange property for debt relief in its own name because it is an entity separate from its members
• holding transfer of legal title to property as a capital contribution to LLC was in exchange for valuable consideration and constituted a sale of the property
• holding transfer of legal title to property as a capital contribution to LLC was in exchange for valuable consideration and constituted a sale of the property
• “[An LLC] is an independent entity which can sue and be sued and its members are not personally liable for the debt or actions of the company”

Source: CourtListener parenthetical corpus (CC0).