275.240 Title to property held by company.
79 words·~1 min read·
/ky/chapter-275/275-240A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Property transferred to or otherwise acquired by a limited liability company shall be
the property of the limited liability company and not of the members individually.
(2)Property may be acquired, held, and conveyed in the name of the limited liability
company. Any estate 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.