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4882 REVIEW DENIED Since shareholders of an LLC, have no ownership interest in property owned by the LLC, transfer by conveyance of property held by an LLC to its sole shareholders does not necessarily transfer an insurance policy issued to the LLC as sole named insured and defining "insured" as the named insured and those who succeed to the interest of the named insured by operation of law as distinguished from purchase.CitationKWOK v TRANSNATION TITLE INS CO (LLC Transfer) 170 CA4 1562 [See: PacLink v Superior Court 90 CA4 958, T/AT 8/01; Denevi v LGCC 121 CA4 1211, P/AT 11/04]
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