§ 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).Section: Previous 8908 8911 8912 8913 8914 8915 8916 8921 8922 8923 8924 8925 8926 8931 8932 Next
Last modified: October 8, 2016