Case Law Summaries

Iowa – Situs of LLC Interest

IowaWells Fargo Equipment Finance, Inc. v. Retterath, No. 18-0599, decided April 12, 2019. The Iowa Supreme Court ruled that a membership interest in an LLC is located where the LLC is formed and not where the member is located. Therefore, Iowa law applied in determining the validity of a charging order against the interest of a Florida resident in an Iowa LLC.

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