§ 8862. Power to dissociate and wrongful dissociation
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: February 21, 2017
Effective: February 21, 2017
15 Pa.C.S.A. § 8862
Formerly cited as PA ST 15 Pa.C.S.A. § 8948
§ 8862. Power to dissociate and wrongful dissociation
(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.
Credits
2016, Nov. 21, P.L. 1328, No. 170, § 29, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8862, PA ST 15 Pa.C.S.A. § 8862
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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