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Marginalia
Code · Kentucky · Chapter 275 — Limited liability companies

275.245 Transfer of property held in name of company.

133 words·~1 min read·/ky/chapter-275/275-245

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Except as provided in subsection
(2)of this section, property of the limited liability
company held in the name of the limited liability company may be transferred by an
instrument of transfer executed by any member so authorized in the name of the
limited liability company.
(2)If the articles of organization provide that management of the limited liability
company is vested in a manager or managers:
(a)Title to property of the limited liability company that is held in the name of
the limited liability company may be transferred by an instrument of transfer
executed by any manager so authorized in the name of the limited liability
company; and
(b)A member, solely by reason of being a member, shall not have authority to
transfer property of the limited liability company.
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