Home Table of Contents

§ 8816. Application of operating agreement

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. § 8816
§ 8816. Application of operating agreement
Currentness
(a) Company bound.--A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the agreement.
(b) Deemed assent.--A person that becomes a member of a limited liability company is deemed to assent to the operating agreement.
(c) Preformation agreement.--Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.

Credits

2016, Nov. 21, P.L. 1328, No. 170, § 29, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8816, PA ST 15 Pa.C.S.A. § 8816
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document