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Oggusa, Inc., In re--GenCanna Acquisition Corp. v. 101 Enters., LLC

Oggusa, Inc., In re--GenCanna Acquisition Corp. v. 101 Enters., LLC

Ruling
Purchaser of debtor’s 50% interest in LLC at bankruptcy sale did not acquire a member’sgovernance and economic rights based on the terms of the operating agreement. (Bankr. E.D.Ky.)
Issue(s)
Property of the Estate; Creation and Composition of the Estate.

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Commercial opinion summary, case decided on August 31, 2023 , LexisNexis #1023-064