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§ 8819. Powers

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. § 8819
Formerly cited as PA ST 15 Pa.C.S.A. § 8921;  PA ST 15 Pa.C.S.A. § 8923;  PA ST 15 Pa.C.S.A. § 8926;  PA ST 15 Pa.C.S.A. § 8991
§ 8819. Powers
Currentness
(a) General rule.--A limited liability company has the power to do all things necessary or convenient to carry on its activities and affairs.
(b) Capacity to sue and be sued.--A limited liability company has the capacity to sue and be sued in its own name.
(c) Certain specifically authorized debt terms.--A limited liability company shall be subject to section 1510 (relating to certain specifically authorized debt terms) to the same extent as if it were a business corporation.
(d) Cross references.--See sections 8102 (relating to interchangeability of partnership, limited liability company and corporate forms of organization) and 8815(c)(8) (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. § 8819, PA ST 15 Pa.C.S.A. § 8819
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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