Title to Property; No Partition. All real and personal property owned by the Company shall be owned by it as an entity and no Member shall have any ownership interest in such property in its individual right or name, and each Member’s Units represented thereby shall be personal property.
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Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)
Title to Property; No Partition. All real and personal property owned by the Company shall be owned by it as an entity and no the Sole Member shall have any no ownership interest in such property in its individual right or name, and each the Sole Member’s Units 's Membership Interests represented thereby shall be personal property.
Appears in 1 contract
Title to Property; No Partition. All real and personal property owned by the Company shall be owned by it as an entity and no Member shall have any an ownership interest in such property in its individual right or name, and each Member’s Units the Members’ Membership Interests represented thereby shall be personal property.
Appears in 1 contract
Samples: Operating Agreement
Title to Property; No Partition. All real and personal property ------------------------------- owned by the Company shall be owned by it as an entity and no the Sole Member shall have any no ownership interest in such property in its individual right or name, and each the Sole Member’s Units 's Membership Interests represented thereby shall be personal property.
Appears in 1 contract
