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The Florida Statutes

The 2000 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 608
Limited Liability Companies
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Section 608.425, Florida Statutes 2000

608.425  Limited liability company property.--

(1)  All property originally contributed to the limited liability company or subsequently acquired by a limited liability company by purchase or otherwise is limited liability company property.

(2)  Unless otherwise provided in the articles of organization or the operating agreement, property acquired with limited liability company funds is limited liability company property.

(3)  Instruments and documents providing for the acquisition, mortgage, or disposition of property of the limited liability company shall be valid and binding upon the company, if they are executed in accordance with this chapter.

History.--s. 2, ch. 82-177; s. 62, ch. 83-216; s. 28, ch. 93-284; s. 1, ch. 99-315.