2005 Connecticut Code - Sec. 34-167. Ownership of limited liability company property.

      Sec. 34-167. Ownership of limited liability company property. (a) Property transferred to or otherwise acquired by a limited liability company is property of the limited liability company and not of the members individually. A member has no interest in specific limited liability company property.

      (b) Property may be acquired, held and conveyed in the name of the limited liability company. Any interest in real property may be acquired in the name of the limited liability company and title to any interest so acquired shall vest in the limited liability company itself rather than in the members individually.

      (P.A. 93-267, S. 33.)