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2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 89 - Limited Liability Companies
8923 - Property.

     § 8923.  Property.
        (a)  General rule.--Property transferred to or otherwise
     acquired by a limited liability company becomes property of the
     company. A member has no interest in specific property of a
     company.
        (b)  Title.--Property may be acquired, held and conveyed in
     the name of a company. Any estate in real property may be
     acquired in the name of the company, and title to any estate so
     acquired shall vest in the company itself rather than in the
     members individually.

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