Pledges Of Equity Interests In LLCS And Partnerships: Changes Coming

LexisNexis (January 23, 2019, 9:24 AM EST) -- A movement is afoot to revise UCC Article 9 to exempt ownership interests in limited liability companies (LLCs), general partnerships and limited partnerships from the “anti-assignment” override provisions in UCC 9-406 and 9-408. Should secured lenders welcome these changes, or are they a trap for the unwary?...