Section 303 - Limited liability company property. - Maryland Statutes

§ 4A-303. Limited liability company property.
 

(a)  Acquisition.- Real and personal property owned or purchased by a limited liability company may be acquired in the name of the limited liability company. 

(b)  Binding effect of documentation.- An instrument or document for the acquisition, mortgage, or disposition of property of the limited liability company shall be valid and binding upon the limited liability company if executed by 1 or more authorized persons. 
 

[1992, ch. 536.]