Thursday, July 02, 2009
01:54 PM Texas Time
GMAC Restructured, Renamed
Converts to corporation
GMAC LLC converted from a limited liability company to a corporation, according to a filing with the Securities and Exchange Commission.
As part of the transition, the firm was renamed GMAC Inc.
"The conversion will facilitate implementation of the registration rights that GMAC has provided to its common and certain of its preferred shareholders," the filing said.
MortgageDaily.com subscribers read full text of this story