A recent Delaware Supreme Court decision includes a useful primer on statutory interpretation principles as well as an analysis of why it allowed a reverse merger of existing LLCs to transfer ownership of real estate without being subject to local and state real estate transfer taxes. The decision in Acadia Brandywine Town Center, LLC v. Acadia Brandywine Holdings, LLC, download pdf file, will undoubtedly be addressed in the next session of the Delaware General Assembly, but in the meantime, it may be of interest to those who can avail themselves of the relatively underutilized Series LLC. To my knowledge, the Series LLC is unique to Delaware law. Here is a short article about the Delaware Series LLC. Download file.