Okla. Stat. tit. 18, § 18-2019.1
This is the official text of Okla. Stat. tit. 18, § 18-2019.1, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Title to property - Transfer
Official statutory text
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.
B. Title to property of the limited liability company that is
held in the name of one or more members or managers with an
indication in the instrument transferring title to the property to
them of their capacity as members or managers of a limited liability
company or of the existence of a limited liability company, even if
the name of the limited liability company is not indicated, may be
transferred by an instrument of transfer executed by the persons in
whose name title is held.
C. Property transferred under subsections A or B of this
section may be recovered by the limited liability company if it
proves that the act of the person executing the instrument of
transfer did not bind the limited liability company under Section
2019 of Title 18 of the Oklahoma Statutes, unless the property has
been transferred by the initial transferee or a person claiming
through the initial transferee to a subsequent transferee who gives
value without having notice that the person who executed the
instrument of initial transfer lacked authority to bind the limited
liability company.
D. Title to property of the limited liability company that is
held in the name of one or more persons other than the limited
liability company without an indication in the instrument
transferring title to the property to them of their capacity as
members or managers of a limited liability company or of the
existence of a limited liability company, may be transferred free of
any claims of the limited liability company or the members by the
person in whose name title is held to a transferee who gives value
without having notice that it is property of a limited liability
company.
Oklahoma Statutes - Title 18. Corporations Page 555
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.
B. Title to property of the limited liability company that is
held in the name of one or more members or managers with an
indication in the instrument transferring title to the property to
them of their capacity as members or managers of a limited liability
company or of the existence of a limited liability company, even if
the name of the limited liability company is not indicated, may be
transferred by an instrument of transfer executed by the persons in
whose name title is held.
C. Property transferred under subsections A or B of this
section may be recovered by the limited liability company if it
proves that the act of the person executing the instrument of
transfer did not bind the limited liability company under Section
2019 of Title 18 of the Oklahoma Statutes, unless the property has
been transferred by the initial transferee or a person claiming
through the initial transferee to a subsequent transferee who gives
value without having notice that the person who executed the
instrument of initial transfer lacked authority to bind the limited
liability company.
D. Title to property of the limited liability company that is
held in the name of one or more persons other than the limited
liability company without an indication in the instrument
transferring title to the property to them of their capacity as
members or managers of a limited liability company or of the
existence of a limited liability company, may be transferred free of
any claims of the limited liability company or the members by the
person in whose name title is held to a transferee who gives value
without having notice that it is property of a limited liability
company.
Oklahoma Statutes - Title 18. Corporations Page 555
Status: in_force · Read it on the official government site
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