sec 14.8 Foreign Limited Liability Companies Deemed to be Lawfully Organized and Registered to do Business
Chapter 14. Limited Liability Companies
Rule Text
If a recorded instrument is executed and acknowledged in proper form on behalf of a foreign limited liability company, the title examiner may presume that the company was properly formed in the jurisdiction in which it was organized and that it was registered to do business in this state when the instrument was executed.
Authority: 18 O.S. §§ 2042, 2043, 2048, 2049.
Comment: A foreign limited liability company need not be registered in Oklahoma to acquire and convey title to real property located in Oklahoma.
Authority: 18 O.S. §§ 2048, 2049 and 2055.3.
Amendment history: /P> The 2020 Title Examination Standards Sub-Committee of the Real Property Law Section recommended a Comment to Standard 14.8 be added to clarify the authority of a Foreign Limited Liability Company to acquire and convey title to real property located in Oklahoma. The Real Property Section approved the proposal, and the House of Delegates adopted the amendment on November 13, 2020. ( superseded document available )