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AuctionWorks to sell 49.95% Texas partnership stake in UCC foreclosure
May 14, 2026
By AI, Created 4:35 PM UTC, May 18, 2026, /AGP/ – AuctionWorks will hold a virtual UCC foreclosure sale on June 19, 2026, for a 49.95% limited partnership interest in Jamp Stokesbury, LP. Bidders must qualify by June 16, including a confidentiality agreement and a refundable $100,000 deposit.
Why it matters: - The sale puts a sizable Texas limited partnership interest on the block through a UCC enforcement process. - The auction could change control dynamics around Jamp Stokesbury, LP, depending on who wins the bid. - The deal may attract distressed-asset investors looking for partnership interests sold under secured-creditor remedies.
What happened: - AuctionWorks, a division of AW Properties Global, LLC, will conduct a public foreclosure sale under Article 9 of the Uniform Commercial Code. - The asset is a 49.95% limited partnership interest in Jamp Stokesbury, LP, a Texas limited partnership. - The virtual auction is set for June 19, 2026, at 11:15 a.m. Eastern Time. - The sale will take place via Zoom. - Roderick Family, LLC owns the 49.95% interest and pledged it as collateral to the secured party.
The details: - Prospective bidders must execute a confidentiality agreement before receiving diligence materials and sale procedures. - Bidders must also submit a refundable $100,000 qualifying deposit by June 16, 2026, at 12:00 noon Eastern Time. - The sale is being conducted to enforce the secured party’s rights under applicable security agreements and UCC filings. - The sale will be final and will be conducted on an
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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