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Home » Store » News » GMAC Conversion Allows Raising of Public Capital

GMAC Conversion Allows Raising of Public Capital

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In a move that opens the door for the infusion of public ownership and public investment capital, as well as greater liquidity for the mortage lending operations of its financial services unit, GMAC last week converted from a Delaware limited liability company into a Delaware corporation. Each unit of each class of membership interest issued and outstanding immediately prior...
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