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Mike is one of the drafters of the Delaware Limited Liability Company Act, the Delaware Statutory Trust Act, and the Delaware Revised Uniform Limited Partnership Act and remains a member of the drafting committee charged with proposing and drafting amendments to such Acts.

Michael M. Ledyard

Partner

Overview

Michael M. Ledyard is a partner in Morris James’ Business Transactions, Strategic Planning and Counseling Practice, a group that routinely handles over $10 Billion in financings annually for a wide range of clients.

In his personal practice, Mike focuses on the use of Delaware limited liability companies, statutory and common law trusts, partnerships and corporations in complex financing transactions, such as asset backed financings, leveraged leases, and like-kind exchanges, including transactions requiring a bankruptcy remote entity and/or an independent manager or trustee. 

He regularly acts as counsel to borrowers, lenders, lessees, trustees, managers 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, Australia 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 committees 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 partnership, trust and limited liability company law, and has acted as an expert witness with respect to such matters before courts in the United States and in foreign jurisdictions.

Professional Affiliations

Delaware State Bar Association

  • Corporate Law Committee
  • Alternative Entity Drafting Subcommittee
  • Commercial Law Committee
  • Delaware Statutory Trust Drafting Subcommittee

American Bar Association

  • Business Law Section
  • Commercial Finance Committee
  • Subcommittee on Aircraft Financing

Publications

Articles & Publications

News & Events

Community

Community

Wilmington Club, Past President 
Mr. Stewart's Cheshire Foxhounds, Ex-MFH 
Vicmead Hunt Club, Former Governor
West Marlborough Township Board of Supervisors, Former Chairman
Wilmington Library Foundation, Former Trustee
Upland Country Day School, Former Trustee
Brandywine Conservancy, Inc., Former Trustee & Executive Officer
Pennsylvania Hunt Cup Committee, Former Chief Counsel, Director & Executive Officer

Recognition

Honors

Delaware Today® "Top Lawyers," 2014

Martindale-Hubbell®, AV rating

Delaware Journal of Corporate Law, Member (1980-81) and Associate Editor (1981)

T 302.888.6917
F 302.504.3947

Admissions

Delaware, 1982

Education

Delaware Law School, J.D., cum laude, 1982

University of Hawaii, B.A., 1970

Languages

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