Limited liability company property (§ 13.1-1021)—Virginia Decoded

Any estate or interest in property may be acquired in the name of the limited liability company, and title to any estate or interest so acquired vests in the limited liability company.

History

1991, c. 168.

Court Decisions

. . . General Technology Applications, Incorporated, a Dissolved . . . (Court of Appeals for the Fourth Circuit, 10/28/04)
. . . S.E.2d 805, 807 (1997); Va.Code Ann. § 13.1-1021. The property of such an entity, once . . .

Ospta v. Summit Group Properties (SCV, 04/20/12)
. . . instruction based on Code § 13.1-1021.1(A)(2) (in the ordinary course of) or Code § . . .

In Re Garrison-Ashburn, LC (United States Bankruptcy Court, E.D. Virginia, 08/25/00)
. . . 13.1-1022 and may not bind the company under § 13.1-1021.1. While he retains his membership . . .

Jordan v. Com. (COA, 07/31/01)
. . . acquired by the company vests in the company, Code § 13.1-1021, and a member of the company is not . . .

General Technology v. EXRO Ltda (Court of Appeals for the Fourth Circuit, 10/28/04)
. . . 482 S.E.2d 805, 807 (Va. 1997); Va. Code . . .

In Re DeLuca (United States Bankruptcy Court, E.D. Virginia, 01/02/96)
. . . except the right to compensation. . . .

In Re DeLuca (United States Bankruptcy Court, E.D. Virginia, 02/08/96)
. . . affairs" (emphasis added). . . .

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§ 13.1-1021

Limited liability company property

History

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