(a) Power to dissociate.--A person has the power to dissociate as a member at any time, rightfully or wrongfully, by withdrawing as a member by express will under section 8861(1) (relating to events causing dissociation).
(b) Wrongful dissociation.--A person's dissociation as a member is wrongful only if the dissociation:
(1) is in breach of an express provision of the operating agreement; or
(2) occurs before the completion of the winding up of the limited liability company and:
(i) the person withdraws as a member by express will;
(ii) the person is expelled as a member by judicial order under section 8861(6);
(iii) the person is dissociated under section 8861(8); or
(iv) the person is expelled or otherwise dissociated as a member because it willfully dissolved or terminated, except that this subparagraph does not apply to a person that is:
(A) a trust that is not a business or statutory trust;
(B) an estate; or
(C) an individual.
(c) Damages for wrongful dissociation.--A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to section 8881 (relating to direct action by member), to the other members for damages caused by the dissociation. The liability is in addition to any debt, obligation or other liability of the member to the company or the other members.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 88 - Limited Liability Companies
Section 8811 - Short title and application of chapter
Section 8813 - Knowledge and notice
Section 8815 - Contents of operating agreement
Section 8816 - Application of operating agreement
Section 8817 - Amendment and effect of operating agreement
Section 8818 - Characteristics of limited liability company
Section 8821 - Formation of limited liability company and certificate of organization
Section 8822 - Amendment or restatement of certificate of organization
Section 8823 - Signing of filed documents
Section 8825 - Registered office
Section 8831 - Status of member or manager as agent
Section 8832 - Certificate of authority
Section 8833 - Certificate of denial
Section 8834 - Liability of members and managers
Section 8835 - Taxation of limited liability companies
Section 8841 - Becoming a member
Section 8842 - Form of contribution
Section 8843 - Liability for contributions
Section 8844 - Sharing of and right to distributions before dissolution
Section 8845 - Limitations on distributions
Section 8846 - Liability for improper distributions
Section 8847 - Management of limited liability company
Section 8848 - Reimbursement, indemnification, advancement and insurance
Section 8849.1 - Standards of conduct for members
Section 8849.2 - Standards of conduct for managers
Section 8850 - Rights to information
Section 8851 - Nature of transferable interest
Section 8852 - Transfer of transferable interest
Section 8854 - Power of personal representative of deceased member
Section 8861 - Events causing dissociation
Section 8862 - Power to dissociate and wrongful dissociation
Section 8863 - Effects of dissociation
Section 8871 - Events causing dissolution
Section 8872 - Winding up and filing of certificates
Section 8874 - Known claims against dissolved limited liability company
Section 8875 - Other claims against dissolved limited liability company
Section 8876 - Court proceedings
Section 8877 - Disposition of assets in winding up
Section 8878 - Voluntary termination by members or organizers
Section 8881 - Direct action by member
Section 8882 - Derivative action
Section 8883 - Eligible plaintiffs and security for costs
Section 8884 - Special litigation committee
Section 8885 - Proceeds and expenses
Section 8891 - Application and effect of subchapter
Section 8893 - Benefit company status
Section 8895 - Standard of conduct for members
Section 8896 - Standard of conduct for managers and officers