Part 6 OWNERSHIP AND TRANSFER OF PROPERTY
This part is included in your selections.
§ 2-601. Ownership of LLC property.
This section is included in your selections.
A. All property originally transferred to or acquired by an LLC is property of the LLC and not the members individually.
B. Property acquired with LLC funds is presumed to be LLC property.
C. Property may be acquired, held, and conveyed in the name of the LLC. ONCA 08-02, eff. June 13, 2008.