Pennsylvania § 8841 - Becoming a member.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 8841 — Becoming a member., with citation guidance and answers to common questions.
§ 8841. Becoming a member.
(a) Single initial member.--If a limited liability company is initially to have only one member, the person becomes a member as agreed by that person and the organizer of the company. That person and the organizer may be, but need not be, different persons. If the initial member and the organizer are different persons, the organizer acts on behalf of the initial member.
(b) Multiple initial members.--If a limited liability company is initially to have more than one member, those persons become members as agreed by those persons and the organizer before the formation of the company. The organizer acts on behalf of the persons in forming the company and may be, but need not be, one of the persons.
(c) Powers and authority of organizer.--Until a limited liability company has its first member, the organizer is deemed to be a manager of the company.
(d) Admission after formation.--After formation of a limited liability company, a person becomes a member:
(1) by action of the organizer if the company does not have any members;
(2) as provided in the operating agreement;
(3) as the result of a transaction effective under Chapter 3 (relating to entity transactions);
(4) with the affirmative vote or consent of all the members; or
(5) as provided in section 8871(a)(3) (relating to events causing dissolution).
(e) Noneconomic members.--A person may become a member without:
(1) acquiring a transferable interest; or
(2) making or being obligated to make a contribution to the limited liability company.
(f) Nature of interest.--The interest of a member in a limited liability company is personal property.
Cross References. Section 8841 is referred to in section 8812 of this title.
Frequently Asked Questions About Pennsylvania § 8841
What does Pennsylvania Consolidated Statutes § 8841 cover?
Section 8841 ("Becoming a member.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 8841?
A common citation format is "Pennsylvania Consolidated Statutes § 8841" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 8841 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.