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Liability of members - 15 Pa. Cons. Stat. § 8922Legal Research Home > Pennsylvania Statutes
§ 8922. Liability of members.
(a) General rule.--Except as provided in subsection (e), the
members of a limited liability company shall not be liable,
solely by reason of being a member, under an order of a court or
in any other manner for a debt, obligation or liability of the
company of any kind or for the acts of any member, manager,
agent or employee of the company.
(b) Professional relationship unaffected.--Subsection (a)
shall not afford members of a professional company with greater
immunity than is available to the officers, shareholders,
employees or agents of a professional corporation. See section
2925 (relating to professional relationship retained).
(c) Disciplinary jurisdiction unaffected.--A professional
company shall be subject to the applicable rules and regulations
adopted by, and all the disciplinary powers of, the court,
department, board, commission or other government unit
regulating the profession in which the company is engaged. The
court, department, board or other government unit may require
that a company include in its certificate of organization or
operating agreement provisions that conform to any rule or
regulation heretofore or hereafter promulgated for the purpose
of enforcing the ethics of a profession. This chapter shall not
affect or impair the disciplinary powers of the court,
department, board, commission or other government unit over
licensed persons or any law, rule or regulation pertaining to
the standards for professional conduct of licensed persons or to
the professional relationship between any licensed person
rendering professional services and the person receiving
professional services.
(d) Conflict of laws.--The personal liability of a member of
a company to any person or in any action or proceeding for the
debts, obligations or liabilities of the company or for the acts
of other members, managers, employees or agents of the company
shall be governed solely and exclusively by this chapter and the
laws of this Commonwealth. Whenever a conflict arises between
the laws of this Commonwealth and the laws of any other state
with regard to the liability of members of a company organized
and existing under this chapter for the debts, obligations and
liabilities of the company or for the acts of the other members,
managers, employees or agents of the company, the laws of this
Commonwealth shall govern in determining such liability.
(e) Expansion of liability.--The certificate of organization
may provide that some or all of the members shall be liable for
some or all of the debts, obligations and liabilities of the
company to the extent and under the circumstances provided in
the certificate.
(f) Medical professional liability.--A professional company
shall be deemed to be a partnership for purposes of section 811
of the act of October 15, 1975 (P.L.390, No.111), known as the
Health Care Services Malpractice Act.
(g) Cross reference.--See section 8904(b) (relating to rules
for cases not provided for in this chapter).
(June 22, 2001, P.L.418, No.34, eff. 60 days)
2001 Amendment. Act 34 amended the section heading and
subsecs. (a), (b) and (d), relettered former subsec. (e) to
subsec. (g) and added subsecs. (e) and (f).
Cross References. Section 8922 is referred to in section
8932 of this title.
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Last modified: November 27, 2007 |
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