Limitations on the authority of any or all members or managers that are set forth in a limited liability company’s articles of organization shall be conclusively presumed in favor of the limited liability company and against a grantee of the limited liability company, or a person claiming through such grantee, with respect to limited liability company real property located in a county of this state if a copy of the articles of organization certified by the Secretary of State is filed in the office of the clerk of the superior court of the county where the real property is located and recorded in the book kept by such clerk for statements of partnership pursuant to Code Section 14-8-10.1.
History. Code 1981, § 14-11-302 , enacted by Ga. L. 1993, p. 123, § 1.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 11 - Limited Liability Companies
Article 3 - Agency; Management; Duties; Liability
§ 14-11-301. Agency of Members and Managers
§ 14-11-302. Limitations on Authority to Convey Real Property
§ 14-11-303. Liability to Third Parties
§ 14-11-307. Conflicting Interest Transactions
§ 14-11-308. Approval Rights of Members and Managers
§ 14-11-309. Action Without Meeting