Michael M. Ledyard
Morris James LLP
Address: 500 Delaware Avenue, Suite 1500
Wilmington, DE 19801

University: University of Hawaii, B.A., 1970, Delaware Law School, J.D., cum laude, 1982
Admitted: 1982, Delaware
Biography: Michael M. Ledyard is the Chair of Morris James' Business Transactions, Strategic Planning and Counseling Practice, a group that has been involved in over $50 billion in financings for a wide range of clients. In his personal practice, Mike focuses on the use of limited liability companies, statutory and common law trusts, partnerships, corporations, and other Delaware entities in complex financing transactions, such as asset backed financings, leveraged leases, and like-kind exchanges, as well as in joint ventures and other business organizations. He regularly acts as counsel to borrowers, lenders, lessees, trustees, and other financing parties, and renders third-party legal opinions as to matters of Delaware and federal law, including federal bankruptcy law. A significant component of Mike's practice involves counseling banks and other clients located in the United Kingdom, Europe, and South America and rendering legal opinions in cross border transactions. Mike is one of the drafters of the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act and the Delaware Statutory Trust Act and remains a member of the drafting committee charged with proposing and drafting amendments to such Acts in order to maintain the "Delaware advantage" of these business statues. Mike is a sought-after speaker in the United States and abroad on the subject of Delaware corporate and alternative entity law, and also writes frequently on the topic. Professional Affiliations Delaware State Bar Association • Corporate Law Committee • Alternative Entity Drafting Committee Delaware State Bar Association • Commercial Law Committee • Delaware Statutory Trust Drafting Committee American Bar Association • Business Law Section • Commercial Finance Committee • Subcommittee on Aircraft Financing Community Affiliations Board of Governors of the Wilmington Club, President Mr. Stewart's Cheshire Foxhands, MFH Board of Governors of Vicmead Hunt Club Board of Supervisors of West Marlborough Township, Pennsylvania, Former Chairman Wilmington Library Foundation, Former Trustee Upland Country Day School, Former Trustee The Brandywine Conservancy, Inc., Former Trustee & Executive Officer The Pennsylvania Hunt Cup Committee, Former Chief Counsel, Trustee & Executive Officer News & Events News & Media Mentions Morris James Recognized by China Business Law Journal for $385 Million Deal for Air China January 21, 2015 Morris James Leads Delaware Today "Top Lawyers" Edition with 25 Recognitions October 21, 2014 Publications Articles & Publications The Use of Delaware Statutory Trusts in Like Kind Exchanges Under Section 1031 of the Internal Revenue Code January 30, 2015 Aviation Orphan Trust Structure An Overview of the Delaware Statutory Trust Act in Structured Finance Transactions An Overview of the Delaware Limited Liability Company Act Delaware - The Right Choice for Business Uses and Advantages of Delaware Statutory Trusts and Delaware Limited Liability Companies in Structured Finance Transactions Delaware Statutory Trusts Honors Delaware Today® "Top Lawyers," 2014 Martindale-Hubbell, AV rating Delaware Journal of Corporate Law, Member (1980-81) and Associate Editor (1981)