Contracts and mortgages. A limited liability company may make contracts and incur liabilities, borrow money, and secure any of its obligations by mortgage of or creation of a security interest in or other encumbrance or assignment of all or any of its property, franchises, and income.
Appears in 5 contracts
Sources: Limited Liability Company Powers, Limited Liability Company Powers, Limited Liability Company Powers
Contracts and mortgages. A limited liability company may make contracts and incur liabilitieslia- bilities, borrow money, and secure any of its obligations by mortgage of or creation of a security interest in or other encumbrance or assignment of all or any of its property, franchises, and income.
Appears in 1 contract
Sources: Limited Liability Company Powers