(a) Property transferred to or otherwise acquired by a limited liability company is the property of the company and is not the property of the members individually.
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Terms Used In Alaska Statutes 10.50.350

  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) A limited liability company shall acquire, hold, and convey property, including real property, in the name of the company. If a limited liability company acquires an interest in property, the company holds the title to the interest and not the members individually.
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