One of the ways to get to federal court is if there is diversity jurisdiction. This requires (1) complete diversity of citizenship of the adverse parties and an amount in controversy exceeding $75,000. Lee v. Airgas MidSouth, Inc., 793 F.3d 894, 899 (8th Cir. 2015); 28 U.S.C. § 1332(a). Many lawsuits, however, are coy on whether the…
Legal Articles
Interim Trustee Powers Pending Delivery of Trust Property
When a trustee has resigned or been removed as trustee, the trustee still may possess continuing or interim authority as trustee. Specifically — unless there are cotrustees — and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has been removed or resigned has “the…
LLC Manager Removal
Unlike with corporations, partnerships and other business entities, there are few statutory provisions addressing the procedures for removing a manager of a limited liability company in Missouri. If a LLC is manager-managed, then management is vested in the manager(s), who has the right and authority to manage the affairs of the LLC and make decisions…