The Illinois Limited Liability Company Act (Act) permits an LLC to continue after dissolution solely to wind up its business, and only for a reasonable time. In Sienna Court Condominium Assoc. v. Champion Aluminum Corp., 2017 IL App. (1st) 143364, the Illinois First District Appellate Court determined that the “reasonable time” limitation applied to the right to participate in litigation and that 3 ½ years after dissolution was too long to wait before an LLC filed counterclaims. Read the article…………………….
Residents in one Orlando condominium complex are fighting back after their condo association board asked…
The law addresses a gap in the state’s condominium insurance requirements, previously marked by vague…
Assets worth about 300,000 euros have been seized by the Financial Police of Naples from…
Today Vantaca, the leading community management performance software company, announces a partnership and integration with…
A Vancouver strata that denied a condo owner's request for an exemption to rental rules…
Social media in Sun City Center was ablaze recently when residents learned Tampa Electric Co.…