PocketLaw | Pennsylvania Consolidated Statutes | Limited Liability

Limited Liability Companies

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Short title and application of chapter

Definitions

Knowledge and notice

Governing law

Contents of operating agreement

Application of operating agreement

Amendment and effect of operating agreement

Characteristics of limited liability company

Powers

Formation of limited liability company and certificate of organization

Amendment or restatement of certificate of organization

Signing of filed documents

Liability of member, manager or other person for false or missing information in filed document

Registered office

Status of member or manager as agent

Certificate of authority

Certificate of denial

Liability of members and managers

Taxation of limited liability companies

Becoming a member

Form of contribution

Liability for contributions

Sharing of and right to distributions before dissolution

Limitations on distributions

Liability for improper distributions

Management of limited liability company

Reimbursement, indemnification, advancement and insurance

(Reserved)

Standards of conduct for members

Standards of conduct for managers

Rights to information

Nature of transferable interest

Transfer of transferable interest

Charging order

Power of personal representative of deceased member

Events causing dissociation

Power to dissociate and wrongful dissociation

Effects of dissociation

Events causing dissolution

Winding up and filing of certificates

(Reserved)

Known claims against dissolved limited liability company

Other claims against dissolved limited liability company

Court proceedings

Disposition of assets in winding up

Voluntary termination by members or organizers

Direct action by member

Derivative action

Security for costs

Special litigation committee

Proceeds and expenses

Application and effect of subchapter

Definitions

Benefit company status

Purposes

Standard of conduct for members

Standard of conduct for managers and officers

Right of action

Annual benefit report

Chapter Notes