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Infolawyer, Attorney
Category: Estate Law
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Experience:  Licensed attorney helping individuals and businesses.
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Can I Morgage my 50% of an LLC without the other partners

Customer Question

Can I Morgage my 50% of an LLC without the other partners consent
Submitted: 10 months ago.
Category: Estate Law
Expert:  Infolawyer replied 10 months ago.
The operating agreement of the LLC normally does not allow such conveyances. Therefore you could only do so if the partner consents since impacts him and who may become his partner if you default on the mortgage.

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