Section 303 - Limited liability company property.
§ 4A-303. Limited liability company property.
(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.
[1992, ch. 536.]