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Florida Supreme Courts Limits Charging Order Protection

Author: Jacob Stein • Tags: asset protection, charging order, florida • Posted on: Jun 30, 2010

In a recent decision (Olmstead v. FTC, Supreme Court of Florida, June 24, 2010), the Florida Supreme Court held that the charging order protection, an "exclusive remedy" for creditors pursuing LLC interests, is actually not the exclusive remedy, despite the plain meaning of the statute.

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