Readers under the age of 50 might remember when I wrote about FTC v. Olmstead, et al, 2008 US App LEXIS 11393 (May 29, 2008) back on June 2, 2008. This is the case to decide whether under Florida law the charging order provisions of the Florida LLC Act could deflect a creditor's attempt to get voting control of a single member LLC. The charging order provision of the Florida act is identical to the charging order provisions under Iowa Code Chapter 490A, but much different than Chapter 489.
The Florida Supreme Court heard oral arguments on the case on January 8, 2009. Here is a link to a summary of those arguments. http://tinyurl.com/cylz7h
-Marc Ward
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