2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 89 - Limited Liability Companies
8973 - Winding up.

     § 8973.  Winding up.
        (a)  General rule.--Except as provided in subsection (b) and
     unless otherwise provided in the operating agreement, the
     affairs of a limited liability company shall be wound up by the
     managers or, if none, by:
            (1)  the members who have not wrongfully dissolved the
        company; or
            (2)  a person approved by the members or, if there is
        more than one class or group of members, by each class or
        group of members, in each case by a majority in interest of
        the members in each class or group.
        (b)  Judicial supervision.--The court may wind up the affairs
     of the company upon application of any member, his legal
     representative or assignee and, in connection therewith, may
     appoint a liquidating trustee. See section 139(b) (relating to
     tax clearance in judicial proceedings).
     (June 22, 2001, P.L.418, No.34, eff. 60 days)

        2001 Amendment.  Act 34 amended subsec. (b).