Jun. 10, 2011The Dickinson Law Newsroom
Howard Hagen

The just released 2011 edition of Chambers USA: America’s Leading Lawyers for Business features 12 Dickinson attorneys, including Howard Hagen, who was the only Iowa attorney to be named a “Star Individual” in the area of Banking & Finance.

Feb. 17, 2011The Dickinson Law Newsroom
ISBA Business Law Council opposes HSB 42

HSB 42 would amend the Iowa Business Corporation Act to mandate that publicly-held Iowa corporations have staggered terms for board of directors and only permit directors of such boards to be removed for cause. The ISBA Business Law Council opposes the bill because it is contrary to the principle that shareholders should have a say in all fundamental corporate governance issues.

Jan. 16, 2011The Dickinson Law Newsroom
Single member LLCs cannot escape the authority of a bankruptcy trustee

In re First Protection, Inc., 2010 WL 5059589 (9Th Cir. BAP [Ariz.] November 22, 2010) is another case involving the attempt by a single member of an LLC to prevent a bankruptcy trustee from exercising management rights over the LLC.

Oct. 3, 2010The Dickinson Law Newsroom
Be careful when creating a board of managers in an LLC operating agreement

One of the most prevalent corporate characteristics seen in LLC operating agreements is the concept of a board of managers intended to act like a board of directors. Corporate board members, however, do not have an independent right to act on behalf of the corporation. That may not be the case with managers of an LLC.

Sep. 6, 2010The Dickinson Law Newsroom
Something to keep in mind when using LLC statements of authority

By filing a statement of authority with the Iowa Secretary of State you can eliminate any questions regarding the authority of a person to sign a loan agreement, a note, a deed, or any other legal document. But here is the caution. A statement of authority does not necessarily mean the particular transaction you are concerned about has been authorized by the LLC.

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