Dunbar v. Willis
Appellant Stephen Willis and his uncle, Dr. Stanley Willis, were members of a limited liability company (LLC) that owned the Park Manor Suites Hotel (Hotel) in San Diego.During his lifetime, Dr. Willis transferred his membership interest in the LLC into his revocable trust. After Dr. Willis died, two independent successor trustees of Dr. Willis's trust (Trustees) petitioned the court for approval of certain proposed actions, including dissolving the LLC, marketing and selling the Hotel, and distributing the assets to the named trust beneficiaries. Stephen opposed the petition, asserting he had an immediate right to purchase Dr. Willis's former interests in the LLC (or a portion of those interests).
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