15 Pa. C.S. § 8819

Current through P.A. Acts 2023-66
Section 8819 - Powers
(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).

15 Pa.C.S. § 8819

Added by P.L. TBD 2016 No. 170, § 29, eff. 2/19/2017.