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§ 8891. Application and effect of subchapter

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 I. Benefit Companies (Refs & Annos)
Effective: February 21, 2017
15 Pa.C.S.A. § 8891
§ 8891. Application and effect of subchapter
Currentness
(a) General rule.--This subchapter shall apply to all benefit companies.
(b) Limited application of subchapter.--The existence of a provision of this subchapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a limited liability company that is not a benefit company. This subchapter shall not affect any statute or rule of law that is or would be applicable to a limited liability company that is not a benefit company.
(c) Laws applicable to benefit companies.--Except as otherwise provided in this subchapter, the provisions of Part I (relating to preliminary provisions) and this chapter shall apply generally to benefit companies. The provisions of this subchapter shall control over inconsistent provisions of this title.
(d) Organic rules may not be inconsistent.--See section 8815(c)(19) (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. § 8891, PA ST 15 Pa.C.S.A. § 8891
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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