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§ 8811. Short title and application of chapter

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: February 21, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part III. Partnerships and Limited Liability Companies (Refs & Annos)
Chapter 88. Limited Liability Companies (Refs & Annos)
Subchapter A. General Provisions
Effective: February 21, 2017
15 Pa.C.S.A. § 8811
Formerly cited as PA ST 15 Pa.C.S.A. § 8901;  PA ST 15 Pa.C.S.A. § 8904
§ 8811. Short title and application of chapter
Currentness
(a) Short title.--This chapter may be cited as the Pennsylvania Uniform Limited Liability Company Act of 2016.
(b) Initial application.--Before April 1, 2017, this chapter governs only:
(1) a limited liability company formed on or after February 21, 2017; and
(2) except as provided in subsection (c), a limited liability company formed before February 21, 2017, which elects, in the manner provided in its operating agreement or by law for amending the operating agreement, to be subject to this chapter.
(c) Full effective date.--Except as provided in subsection (d), on and after April 1, 2017, this chapter governs all limited liability companies.
(d) Certificates of membership interest.--For purposes of applying this chapter to a limited liability company formed before February 21, 2017, language in the company's certificate of organization authorizing the issuance of certificates of membership interest operates as if that language were in the operating agreement.
(e) Cross reference.--See section 8815(c)(5) (relating to contents of operating agreement).

Credits

2016, Nov. 21, P.L. 1328, No. 170, § 29, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8811, PA ST 15 Pa.C.S.A. § 8811
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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