183.0702 Transfer of property. - Wisconsin Statutes

183.0702

183.0702 Transfer of property.

183.0702(1)

(1) Except as provided in sub. (2), property of a limited liability company held in the name of the limited liability company may be transferred by an instrument of transfer executed by any member in the name of the limited liability company.

183.0702(2)

(2) If management of a limited liability company is vested in one or more managers, all of the following apply:

183.0702(2)(a)

(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 in the name of the limited liability company.

183.0702(2)(b)

(b) A member who is not a manager does not have authority, in the member's capacity as a member, to transfer title to property of the limited liability company.

183.0702 - ANNOT.

History: 1993 a. 112; 1995 a. 400.