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Extra - Chapter Notes - Enactment. Chapter 88 was added November 21, 2016, P.L.1328, No.170,...
Section 8811 - Short title and application of chapter - (a) Short title.--This chapter may be cited as the Pennsylvania...
Section 8812 - Definitions - (a) General definitions.--The following words and phrases when used in...
Section 8813 - Knowledge and notice - (a) Knowledge.--A person knows a fact if the person: (1)...
Section 8814 - Governing law - (a) General rule.--The law of this Commonwealth governs: (1) the...
Section 8815 - Contents of operating agreement - (a) Scope of operating agreement.--Except as provided under subsections (c)...
Section 8816 - Application of operating agreement - (a) Company bound.--A limited liability company is bound by and...
Section 8817 - Amendment and effect of operating agreement - (a) Approval of amendments.--An operating agreement may specify that its...
Section 8818 - Characteristics of limited liability company - (a) Separate entity.--A limited liability company is an entity distinct...
Section 8819 - Powers - (a) General rule.--A limited liability company has the power to...
Section 8821 - Formation of limited liability company and certificate of organization - (a) Formation.--One or more associations or individuals 18 years of...
Section 8822 - Amendment or restatement of certificate of organization - (a) General rule.--A certificate of organization may be amended or...
Section 8823 - Signing of filed documents - (a) Required signatures.--Except as provided in this title, a document...
Section 8824 - Liability of member, manager or other person for false or missing information in filed document - (a) General rule.--If a document delivered to the department for...
Section 8825 - Registered office - (a) General rule.--Every limited liability company shall have and continuously...
Section 8831 - Status of member or manager as agent - (a) No agency power of member as member.--A member is...
Section 8832 - Certificate of authority - (a) General rule.--A limited liability company may deliver to the...
Section 8833 - Certificate of denial - (a) General rule.--A person named in a filed certificate of...
Section 8834 - Liability of members and managers - (a) General rule.--A debt, obligation or other liability of a...
Section 8835 - Taxation of limited liability companies - (a) General rule.--For the purposes of the imposition by the...
Section 8841 - Becoming a member - (a) Single initial member.--If a limited liability company is initially...
Section 8842 - Form of contribution - A contribution may consist of: (1) property transferred to, services...
Section 8843 - Liability for contributions - (a) Obligation not excused.--A person's obligation to make a contribution...
Section 8844 - Sharing of and right to distributions before dissolution - (a) General rule.--Any distribution made by a limited liability company...
Section 8845 - Limitations on distributions - (a) General rule.--A limited liability company may not make a...
Section 8846 - Liability for improper distributions - (a) General rule.--Except as provided in subsection (b), if a...
Section 8847 - Management of limited liability company - (a) Determination of management of company.--A limited liability company is...
Section 8848 - Reimbursement, indemnification, advancement and insurance - (a) Reimbursement.--A limited liability company shall reimburse a member of...
Section 8849.1 - Standards of conduct for members - (a) General rule.--A member of a member-managed limited liability company...
Section 8849.2 - Standards of conduct for managers - (a) General rule.--A manager of a manager-managed limited liability company...
Section 8850 - Rights to information - (a) In member-managed company.--In a member-managed limited liability company, the...
Section 8851 - Nature of transferable interest - (a) Personal property.--A transferable interest is personal property. (b) Only...
Section 8852 - Transfer of transferable interest - (a) General rule.--Subject to section 8853(f) (relating to charging order),...
Section 8853 - Charging order - (a) General rule.--On application by a judgment creditor of a...
Section 8854 - Power of personal representative of deceased member - If a member dies, the deceased member's personal representative may...
Section 8861 - Events causing dissociation - A person is dissociated as a member when any of...
Section 8862 - Power to dissociate and wrongful dissociation - (a) Power to dissociate.--A person has the power to dissociate...
Section 8863 - Effects of dissociation - (a) General rule.--If a person is dissociated as a member:...
Section 8871 - Events causing dissolution - (a) General rule.--A limited liability company is dissolved, and its...
Section 8872 - Winding up and filing of certificates - (a) General rule.--A dissolved limited liability company shall wind up...
Section 8874 - Known claims against dissolved limited liability company - (a) General rule.--Except as provided in subsection (d), a dissolved...
Section 8875 - Other claims against dissolved limited liability company - (a) Permissive notice.--A dissolved limited liability company may publish notice...
Section 8876 - Court proceedings - (a) Determination of security.--A dissolved limited liability company that has...
Section 8877 - Disposition of assets in winding up - (a) Creditors.--In winding up its activities and affairs, a limited...
Section 8878 - Voluntary termination by members or organizers - (a) General rule.--The members or organizers of a limited liability...
Section 8881 - Direct action by member - (a) General rule.--Subject to subsection (b), a member may maintain...
Section 8882 - Derivative action - (a) General rule.--Subject to section 8883 (relating to eligible plaintiffs...
Section 8883 - Eligible plaintiffs and security for costs - (a) General rule.--Except as provided in subsection (b), in any...
Section 8884 - Special litigation committee - (a) General rule.--If a limited liability company or its members...
Section 8885 - Proceeds and expenses - (a) Proceeds.--Except as provided in subsection (b): (1) any proceeds...
Section 8891 - Application and effect of subchapter - (a) General rule.--This subchapter shall apply to all benefit companies....
Section 8892 - Definitions - The following words and phrases when used in this subchapter...
Section 8893 - Benefit company status - (a) Formation of benefit company.--A benefit company shall be formed...
Section 8894 - Purposes - (a) General public benefit purpose.--A benefit company shall have a...
Section 8895 - Standard of conduct for members - (a) Consideration of interests.--The members of a member-managed limited liability...
Section 8896 - Standard of conduct for managers and officers - (a) Managers.--Each manager of a manager-managed limited liability company that...
Section 8897 - Right of action - (a) Limitations.-- (1) Except in a benefit enforcement proceeding, no...
Section 8898 - Annual benefit report - (a) Contents.--A benefit company must deliver to each member an...