2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4A-303 - Limited liability company property


MD Corp & Assn Code § 4A-303 (2013) What's This?

(a) Acquisition. -- Real and personal property owned or purchased by a limited liability company may be acquired in the name of the limited liability company.

(b) Binding effect of documentation. -- An instrument or document for the acquisition, mortgage, or disposition of property of the limited liability company shall be valid and binding upon the limited liability company if executed by 1 or more authorized persons.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.