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SHERRON ASSOCIATES LOAN FUND v. SAUCIER

No. 28238-4-III.

237 P.3d 338 (2010)

SHERRON ASSOCIATES LOAN FUND V (MARS HOTEL) LLC, a Washington limited liability company, Appellant, v. Robert B. SAUCIER, Respondent, Julie E. Saucier, and the marital community comprised thereof; Billy R. Anders, individually; Alan Wiseman and Nancy Wiseman; Eleanor M. Adams; Robert S. Adams; James Birch and Barbara Birch; Lonald L. Bridge; Rosemary Joy Cummings; Donald C. Eckberg; Robert Gadd and Leona-Mary Gadd; Robert Hayes; George C. Hodgeweide; Lillian J. Hopkins; Robert E. Jensen and Ruth W. Jensen; Paul L. McLain; Wesley D. Schierman; Lyle G. Trotter; Curtis F. White and Lorraine C. White; Robert H. Ytreeide; Carole J. Ytreeide; Robert O. Nelson, Washington State Department of Labor and Industries; Washington State Department of Employment Security; Washington State Department of Revenue; and City of Spokane, Defendants.

Court of Appeals of Washington, Division 3.

August 5, 2010.

Attorney(s) appearing for the Case

Kevin Arnold Bay, Ryan Swanson & Cleveland PLLC, Seattle, WA, for Appellant.

Charles Matthew Andersen, Winston & Cashatt, Kevin H. Breck, Winston Cashatt, Lawyers, Spokane, WA, for Respondent.

KORSMO, A.C.J.

¶ 1 What happens when a limited liability company (LLC) is canceled without having first disposed of its assets? Analogizing to common law partnership and corporation practices, we hold that the assets devolve to the owners of the LLC. We reverse the trial court and reinstate the order extending the judgment against respondent Robert Saucier.

FACTS

¶ 2 This litigation is one of many lawsuits that arose from the failure of...

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