Montana § 35-8-701 Ownership Of Limited Liability Company Property

Montana Statutes

§ 35-8-701 — Ownership Of Limited Liability Company Property

Montana § 35-8-701

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 8MONTANA LIMITED LIABILITY COMPANY ACT

Part 7Ownership and Transfer of Property

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Bluebook

Mont. Code Ann. § 35-8-701 (2026).

Text

35-8-701 . Ownership of limited liability company property.

(1)Property transferred to or otherwise acquired by a limited liability company becomes property of the limited liability company. A member has no interest in specific limited liability company property.

(2)Property may be acquired, held, and conveyed in the name of the limited liability company. Any estate in real property may be acquired in the name of the limited liability company, and title to any estate acquired must vest in the limited liability company rather than in the members individually.

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35-8-701 . Ownership of limited liability company property. (1) Property transferred to or otherwise acquired by a limited liability company becomes property of the limited liability company. A member has no interest in specific limited liability company property.
(2) Property may be acquired, held, and conveyed in the name of the limited liability company. Any estate in real property may be acquired in the name of the limited liability company, and title to any estate acquired must vest in the limited liability company rather than in the members individually.