(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.
(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.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Article 10. Ownership and Transfer of Property; Creditors.
Sec. 10.50.350. Ownership of company property.
Sec. 10.50.355. Transfer of property.
Sec. 10.50.360. Recovery of property.
Sec. 10.50.370. Nature of interest in company.
Sec. 10.50.375. Assignment of interest in company.
Sec. 10.50.380. Rights of judgment creditors.
Sec. 10.50.385. Rights of estate or legal representative of deceased or incompetent member.