(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.
Section: Previous 10.50.350 10.50.355 10.50.360 10.50.370 10.50.375 10.50.380 10.50.385 10.50.390 NextLast modified: November 15, 2016