2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 89 - Limited Liability Companies
8921 - Powers and capacity.

                               SUBCHAPTER C
                      POWERS, DUTIES AND SAFEGUARDS

     Sec.
     8921.  Powers and capacity.
     8922.  Liability of members.
     8923.  Property.
     8924.  Limited transferability of membership interest.
     8925.  Taxation of limited liability companies.
     8926.  Certain specifically authorized debt terms.
     § 8921.  Powers and capacity.
        (a)  General rule.--Except as provided in section 103
     (relating to subordination of title to regulatory laws), a
     limited liability company shall have the legal capacity of
     natural persons to act.
        (b)  Business that may be carried on.--Subject to the
     limitations and restrictions imposed by statute or contained in
     its certificate of organization, every limited liability company
     may carry on any business that a partnership without limited
     partners may carry on and shall have the power to perform any
     act that such a partnership may perform.
        (c)  Cross reference.--See section 8102 (relating to
     interchangeability of partnership, limited liability company and
     corporate forms of organization).