ILX owes Textron $29 million in loans. If the plan is approved, ILX will sell the majority of its assets to Diamond Resorts Corporation. The parties expect to file with the bankruptcy court the joint plan of reorganization containing the details of the proposed transaction in the near future.
In the ecclesiastical courts, adultery was any act of sexual intercourse by a married person with someone not his or her spouse. The act was considered wrongful regardless of whether the other person was married. At Common Law, adultery was wrongful intercourse between a married woman and any man other than her husband.
California Adultery Law. Adultery is defined as voluntary sexual intercourse by a married person with someone other than his or her spouse. In some states, it is possible to legally end a marriage based on a spouseâs adulterous acts. For example, in Louisiana, adultery is one of three standard grounds for divorce. A spouse will have to prove that his or her spouse committed adultery in order to establish âfaultâ and prove that it led to the breakdown of their marriage. In California, which is a no-fault state, the standard grounds for divorce are: