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Pennsylvania · Through 2026-07-28 (Statute Update stamp, 15 Pa.C.S.)

15 Pa.C.S. § 8816: Application of operating agreement.

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Where this section sits in the code
  1. Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
  2. PART III PARTNERSHIPS AND LIMITED LIABILITY COMPANIES
  3. CHAPTER 88 LIMITED LIABILITY COMPANIES
  4. SUBCHAPTER A GENERAL PROVISIONS

(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.

Collected 2026-09-02T16:31:13Z. Source file · JSON

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