GroundRules
AS 10.50.355: Transfer of 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) Except as provided in (b) of this section, a limited liability company may transfer the property of the company if the company uses an instrument of transfer signed by a member of the company in the name of the company.
(b) If the company is managed by a manager,
(1) title to limited liability company property may be transferred by an instrument of transfer signed by a manager of the company in the name of the company; and
(2) a member, solely by reason of being a member, does not have the authority to transfer the property of the company.
Collected 2026-09-02T06:16:39Z. Source file · JSON