Md. Code Ann., Corps. & Ass'ns § 4A-303 – Acquisition of real and personal property | Midpage
§ 4A-303
Md. Code Ann., Corps. & Ass'ns § 4A-303
Acquisition of real and personal property
Added by Acts 1992, c. 536.State of Maryland
(a) Real and personal property owned or purchased by a limited liability company may be acquired in the name of the limited liability company.
(b) 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.