Sec. 10.50.355. Transfer of property.
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Sec. 10.50.355. Transfer of property.
(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.