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In re River Canyon Real Estate Invs. LLC

In re River Canyon Real Estate Invs. LLC

Ruling
Section 1111(b) election by one member of two member class was invalid as not made by "more than half" of class.
Issue(s)
Whether only one member of a two-member class of secured creditors, with liens of equal priority on the same collateral, may validly make an election.

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Commercial opinion summary, case decided on July 29, 2013 , LexisNexis #0913-095