"The parties stipulate to settlement and judgment of the Plaintiff's Quiet title action as follows:"
On Oct. 2, 2003 a Settlement Agreement entered into between the Plaintiffs and one of the Defendants which Stipulated that; "Title to the property commonly known as “2630 S. Main Street Los Angeles, California” is quieted in the name of “Real Properties, LLC”. (the "new LLC") and further the property was to be immediately listed for sale. And the profits are to be divided 50/50 between its two members and other named in the agreement.
Note: “Real Properties LLC”. (the "new LLC") was said to be a newly formed LLC in the agreement at the time parties to the agreement signed the agreement on Oct. 2, 2003. However it was discovered that this LLC did not exists.
On July 15, 2005 one of the attorney’s that help negotiate the Oct. 2, 2003 Settlement Agreement for his client, discovered that the LLC named in the agreement called “ Real Properties , LLC.” whom the title to the property commonly known as “2630 S. Main Street Los Angeles, California” was to be quieted to did not exists, therefore the conveyance was had not been made.
On Dec 3, 2003 this same attorney had organized and owned a LLC called Big Ed’s, LLC.
Question; In complying with the Settlement Agreement dated Oct 2, 2003, Would it be a lawful conveyance if the attorney used his personal LLC called “Big Ed’s LLC” to receive title to the property, if he first changed the name of his LLC “Big Ed’s LLC” in 2005 to the name of the LLC stipulated in the Oct 2003 agreement to receive title to the property in 2005? Please explain your answer.
The attorney who owned Big Ed's, LLC, changed its name to Real Properties, LLC, Did not assigned his ownership interest in the LLC to his client,
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