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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='color:#1F497D'>Check to see if there is a “pick your partner” provision in the LLC operating agreement because your client may become an economic interest holder with no rights. Sole member LLCs don’t have these provisions.<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Craig Gourley<br><b>Sent:</b> Tuesday, August 21, 2018 3:41 PM<br><b>To:</b> wsbarp@lists.wsbarppt.com<br><b>Subject:</b> [WSBARP] execution on LLC<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Listmates. Since I have never actually had to try to collect against an LLC owned by a debtor I am hoping that someone on the list can share their experience. Debtor is the sole member of an LLC which holds real property. My memory tells me that we need to seek a charging order against the LLC and we can get any proceeds being distributed from the LLC to the debtor. The question is can we execute against the membership interest and take ownership of the LLC entity and thereby defacto ownership of the real estate? Seems logical but also seems like I recall we cannot. Insight?? Thanks!<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b><span style='font-size:14.0pt'>Gourley Law Group<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>Snohomish Escrow<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt'>The Exchange Connection<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:14.0pt'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'>1002 10<sup>th</sup> Street / PO Box 1091<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'>Snohomish, WA 98291<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'>360.568.5065<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'>360.568.8092 fax<o:p></o:p></span></p><p class=MsoNormal><u><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold";color:#0563C1'><a href="mailto:Craig@glgmail.com">Craig@glgmail.com</a></span></u><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-family:"Times New Roman","serif"'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:red'>Be Aware! Online banking fraud is on the rise. If you receive an email containing <b>Wire transfer instructions </b>call us immediately to verify the information prior to sending any funds!<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Arial","sans-serif";color:blue'>CONFIDENTIALITY NOTICE: This electronic mail transmission may contain legally privileged, confidential information belonging to the sender. The information is intended only for the use of the individual or entity named above. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or taking any action based on the contents of this electronic mail is strictly prohibited. If you have received this electronic mail in error, please contact sender and delete all copies</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>