2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 89 - Limited Liability Companies
8981 - Foreign limited liability companies.


                               SUBCHAPTER J
                            FOREIGN COMPANIES

     Sec.
     8981.  Foreign limited liability companies.
     8982.  Domestication.

        Cross References.  Subchapter J is referred to in sections
     8903, 8965 of this title.
     § 8981.  Foreign limited liability companies.
        (a)  General rule.--A foreign limited liability company shall
     be subject to Subchapter K of Chapter 85 (relating to foreign
     limited partnerships) as if it were a foreign limited
     partnership, except that:
            (1)  Section 8582(a)(5) and (6) (relating to
        registration) shall not be applicable to the application for
        registration of a foreign limited liability company.
            (2)  If the foreign limited liability company is to be a
        qualified foreign restricted professional company, its
        application for registration shall so state and shall also
        contain a brief description of the professional service or
        services to be rendered by the company.
            (3)  A qualified foreign limited liability company shall
        enjoy the same rights and privileges as a domestic limited
        liability company, but no more, and, except as otherwise
        provided by law, shall be subject to the same liabilities,
        restrictions, duties and penalties now in force or hereafter
        imposed upon domestic limited liability companies to the same
        extent as if it had been organized under this chapter.
        (b)  Provision applicable to all foreign limited liability
     companies.--Section 8926 (relating to certain specifically
     authorized debt terms) shall be applicable to any obligation, as
     defined in section 1510 (relating to certain specifically
     authorized debt terms), of a foreign limited liability company
     executed or effected in this Commonwealth or affecting real
     property situated in this Commonwealth.

Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.