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Nevada Admiralty / Maritime Questions & Answers

1 Answer | Asked in Admiralty / Maritime and Mergers & Acquisitions for Nevada on

Q: The question is, what is the process of selling a boat in an llc in california for buyer and seller. Who does what?

If you are the seller (transferring the llc to the buyer) what are you required to do and when? If you are the seller what are you required to do an when? I.e. register the llc in your name, etc...

Tim Akpinar answered on Jul 6, 2019

Depending on the size of the vessel, this can be a complex transaction that can involve state-specific laws in a number of different areas. It is something that needs to be discussed in detail with an attorney who practices in the jurisdiction. Good luck.

Tim Akpinar

1 Answer | Asked in Admiralty / Maritime for Nevada on

Q: regarding the “heightened duty of care” - is the next statement accurate? Thanks

Unfortunately, the federal appellate courts have cancelled that out in maritime cases. They apply a watered-down “reasonable care” standard instead.

Tim Akpinar answered on Jun 20, 2019

That reasonable care standard applied in maritime law is prevalent in tort law in general. If you have a case pending, your attorney could outline for you why the protection afforded by the standard is not a weak one, if it is examined thoroughly by an experienced maritime practitioner. If your... Read more »

1 Answer | Asked in Admiralty / Maritime and Mergers & Acquisitions for Nevada on

Q: Whats the template for a sale of this type from both a buyers and sellers best practices pov?

Tim Akpinar answered on Jun 11, 2019

In terms of templates, it could depend on the preferences of the Nevada broker handling the sale. While they could be similar in general characteristics and basic issues covered, templates could differ from broker to broker.

Tim Akpinar

1 Answer | Asked in Contracts, Real Estate Law and Admiralty / Maritime for Nevada on

Q: How do I find the holder of my Trust account?

cest de qui trust was created on my behalf; I would like to be the trustee and beneficiary on this account

Tim Akpinar answered on Oct 18, 2018

If you additionally posted this question in the Banking and Probate sections, attorneys who are familiar with trust accounts could have a better chance of picking it up.

Tim Akpinar

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