Any estate or interest in property may be acquired in the name of the limited liability company, and title to any estate or interest so acquired vests in the limited liability company.
Va. Code Ann. § 13.1-1021
Limited liability company property
Known as the Virginia Limited Liability Company Act
The act spans §§ 13.1-1000 to 13.1-1099.9 (156 sections).
Applied in 1 court decision — leading case General Technology Applications, Inc. v. Exro Ltda (2004)
Most recently applied in General Technology Applications, Inc. v. Exro Ltda (October 2004)
1991, c. 168.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.