Correction to Books on Discussion of Transferee Liability (10/22/15)

Please note the following correction for p. 487 Student Edition (in paragraph opening Transferee liability requires two facets* * * * " and in the Practitioner edition p. 701 (carryover paragraph).  The following sentence needs correcting:

As in the pdf texts:

The courts that have addressed the issue, however, determine that the prongs are independent and that the state law prong is the same as applied to creditors generally under state law, unaffected by the transferee status determination under state law.

The bold-faced word "state" should be changed to "federal."  As thus corrected, the sentence should read:

The courts that have addressed the issue, however, determine that the prongs are independent and that the state law prong is the same as applied to creditors generally under state law, unaffected by the transferee status determination under federal law.

The correction has been made in the draft for the next edition of the books.