PRACTITIONER NOTES – Frankenstein’s Monster? Rosemary’s Baby? The Twins from the Shining? How Lenders are thinking about the Delaware Division Statute and Division LLCs -

Recent amendments to the Delaware LLC Act (the Division Statute), intended to provide a streamlined way for limited liability companies to easily reorganize and ring fence assets, have lending lawyers burning sage and consulting with specialists to help exorcise the risks and issues unleashed by these amendments in the context of lending arrangements involving a Delaware LLC.