15 Pennsylvania Consolidated Statutes § 8992 - Authority To Sue

§ 8992. Authority to sue.

Suit on behalf of a limited liability company may be brought in the name of the company by:

(1) Any member of the company, whether or not the certificate of organization vests management of the company in one or more managers, who is duly authorized to sue by the vote of members entitled to vote who do not have an interest in the outcome of the suit that is adverse to the interest of the company.

(2) Any manager of the company, if the certificate of organization vests management of the company in one or more managers, who is duly authorized to do so by the vote of managers who do not have an interest in the outcome of the suit that is adverse to the interest of the company.

Section: Previous  8973  8974  8975  8976  8977  8978  8981-167-8982  8991  8992  8993  8995  8996  8997  8998    Next

Last modified: October 8, 2016