sec 14.2 Identity of Manager of Limited Liability Company
Chapter 14. Limited Liability Companies
Rule Text
If a person acknowledges in proper form in a recorded instrument that such person executed the instrument as a manager on behalf of a limited liability company, the title examiner may presume that the person held the position of a manager of the limited liability company. Person is defined in 18 O.S. § 2001 as an individual, a general partnership, a limited partnership, a limited liability company, a trust, an estate, an association, a corporation or any other legal or commercial entity.
Authority: 16 O.S. §53; § 18 O.S. §§ 2001, 2005, 2006; 49 O.S. §§ 112, 113,118; 12 O.S. § 2902.
Amendment history: /P> Adopted as number 25.2, November 18, 1994. 65 O.B.A.J. 3334 (10/22/94). The 1997 Report of the Title Examination Standards Committee recommended adding 16 O.S. § 53 to the citations of authorities. 68 O.B.J. 3298 (10/18/97). The Real Property Law Section approved the amendment, November 6, 1997 and the House of Delegates adopted it, November 7, 1997. 68 O.B.J. 3707 (11/15/97).