GroundRules
AS 10.50.350: Ownership of company property.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 10. Ownership and Transfer of Property; Creditors.
(a) Property transferred to or otherwise acquired by a limited liability company is the property of the company and is not the property of the members individually.
(b) A limited liability company shall acquire, hold, and convey property, including real property, in the name of the company. If a limited liability company acquires an interest in property, the company holds the title to the interest and not the members individually.
Collected 2026-09-02T06:16:39Z. Source file · JSON