Court Of Appeal Reaffirms Lender’s Refusal To Loan To LLC Based On Felonious Investor In Manager

In May, I wrote this post about a decision by the Second District Court of Appeal finding that a lender did not violate California’s Unruh Civil Rights Act when it declined to make a loan to a limited liability company whose managing member included a convicted felon. The Court of Appeal on its own motion granted a rehearing and issued this opinion last week.

The Court’s views did not change, again concluding that...

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Published In: Business Organization Updates, Civil Rights Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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