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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 50. Alaska Revised Limited Liability Company Act
- Section 350. Ownership of Company Property.
previous: Section 348
. Inapplicability to Winding Up and Involuntary or Voluntary Dissolution.
next: Section 355
. Transfer of Property.
AS 10.50.350. Ownership of Company Property.
- (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.
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