S.C. Code Ann. § 33-43-701 – [Repealed eff January 1, 2001] Ownership of limited liability company property

(A) Property transferred to or otherwise acquired by a limited liability company is property of the limited liability company and not of the members individually.
(B) Property is limited liability company property if acquired:
1. (1) in the name of the limited liability company; or
2. (2) in the name of one or more members or managers with an indication in the instrument transferring title to the property of:
  1. (i) the person's capacity as a member or manager, or
  2. (ii) of the existence of a limited liability company, but without an indication of the name of the limited liability company.
(C) Property is acquired in the name of the limited liability company by a transfer to:
1. (1) the limited liability company in its name; or
2. (2) one or more members or managers in their capacity as either members or managers in the limited liability company, if the name of the limited liability company is indicated in the instrument transferring title to the property.
(D) Property is presumed to be limited liability company property if purchased with limited liability company assets, even if not acquired in the name of the limited liability company or of one or more members with an indication in the instrument transferring title to the property of the person's capacity as a member or of the existence of a limited liability company.
(E) Property acquired in the name of one or more of the members, without an indication in the instrument transferring title to the property of the person's capacity as a member or of the existence of a limited liability company and without use of limited liability company assets, is presumed to be separate property, even if used for limited liability company purposes.