Browse Arkansas Code titles and sections
4-32-701. Ownership of limited liability company property.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-32-701. 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.
(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 rather than in the members individually.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-32-701
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-32-701
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 768dd73c196eb2928e673db47dd00c4a5a7ce545323ae2d93f0c20e538e44b3b
Source location: content.xml paragraph 21149
Stored source content
4-32-701. 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.
(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 rather than in the members individually.
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