{"data":{"id":"us-pa/15-pa.c.s.-8863","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 8863","heading":"Effects of dissociation.","body":"(a) General rule.--If a person is dissociated as a member:\n(1) the person's rights as a member terminate;\n(2) if the company is member-managed, the person's duties and obligations under section 8849.1 (relating to standards of conduct for members) as a member end with regard to matters arising and events occurring after the person's dissociation; and\n(3) subject to sections 8844(e) (relating to sharing of and right to distributions before dissolution) and 8854 (relating to power of personal representative of deceased member) and Chapter 3 (relating to entity transactions), any transferable interest owned by the person in the person's capacity as a member immediately before dissociation as a member is owned by the person solely as a transferee.\n(b) Existing obligations not discharged.--A person's dissociation as a member does not of itself discharge the person from any debt, obligation or other liability to the company or the other members which the person incurred while a member.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART III PARTNERSHIPS AND LIMITED LIABILITY COMPANIES","CHAPTER 88 LIMITED LIABILITY COMPANIES","SUBCHAPTER F DISSOCIATION"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=88\u0026sctn=63\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"05273f077c38bc4662ab787a028ebd0a7717333ab86e82d744fcf2dd36445f68","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-8862","next":"us-pa/15-pa.c.s.-8871"},"notice":"GroundRules: Original legal text. Not legal advice."}