Oklahoma § 18-2019.1 - Title to property - Transfer
Full text of Oklahoma Oklahoma Statutes § 18-2019.1 — Title to property - Transfer, with citation guidance and answers to common questions.
§ 18-2019.1. Title to property - Transfer
A. Title to property of the limited liability company that is
held in the name of the limited liability company may be transferred
by an instrument of transfer executed by any manager in the name of
the limited liability company.
B. Title to property of the limited liability company that is
held in the name of one or more members or managers with an
indication in the instrument transferring title to the property to
them of their capacity as members or managers of a limited liability
company or of the existence of a limited liability company, even if
the name of the limited liability company is not indicated, may be
transferred by an instrument of transfer executed by the persons in
whose name title is held.
C. Property transferred under subsections A or B of this
section may be recovered by the limited liability company if it
proves that the act of the person executing the instrument of
transfer did not bind the limited liability company under Section
2019 of Title 18 of the Oklahoma Statutes, unless the property has
been transferred by the initial transferee or a person claiming
through the initial transferee to a subsequent transferee who gives
value without having notice that the person who executed the
instrument of initial transfer lacked authority to bind the limited
liability company.
D. Title to property of the limited liability company that is
held in the name of one or more persons other than the limited
liability company without an indication in the instrument
transferring title to the property to them of their capacity as
members or managers of a limited liability company or of the
existence of a limited liability company, may be transferred free of
any claims of the limited liability company or the members by the
person in whose name title is held to a transferee who gives value
without having notice that it is property of a limited liability
company.
Oklahoma Statutes - Title 18. Corporations
Added by Laws 1993, c. 366, § 11, eff. Sept. 1, 1993.
Frequently Asked Questions About Oklahoma § 18-2019.1
What does Oklahoma Statutes § 18-2019.1 cover?
Section 18-2019.1 ("Title to property - Transfer") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-2019.1?
A common citation format is "Oklahoma Statutes § 18-2019.1" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-2019.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.