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Division authorized - 15 Pa. Cons. Stat. § 8961

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                               SUBCHAPTER H
                                 DIVISION

     Sec.
     8961.  Division authorized.
     8962.  Proposal and adoption of plan of division.
     8963.  Division without member approval.
     8964.  Certificate of division.
     8965.  Effect of division.
     § 8961.  Division authorized.
        (a)  Division of domestic company.--Any domestic limited
     liability company may, in the manner provided in this
     subchapter, be divided into two or more domestic limited
     liability companies organized or to be organized under this
     chapter, or into one or more domestic limited liability
     companies and one or more foreign limited liability companies to
     be organized under the laws of another jurisdiction or
     jurisdictions, or into two or more foreign limited liability
     companies, if the laws of the other jurisdictions authorize the
     division.
        (b)  Division of foreign company.--Any foreign limited
     liability company may, in the manner provided in this
     subchapter, be divided into one or more domestic limited
     liability companies to be organized under this chapter and one
     or more foreign limited liability companies organized or to be
     organized under the laws of another jurisdiction or
     jurisdictions, or into two or more domestic limited liability
     companies, if the foreign limited liability company is
     authorized under the laws of the jurisdiction under which it is
     incorporated to effect a division.
        (c)  Surviving and new companies.--The company effecting a
     division, if it survives the division, is designated in this
     subchapter as the surviving company. All companies originally
     organized by a division are designated in this subchapter as new
     companies. The surviving company, if any, and the new company or
     companies are collectively designated in this subchapter as the
     resulting companies.

Last modified: November 27, 2007