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42 chapters · 1,033 sections in this title.
15 Pa.C.S. § 8892 Definitions
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The following words and phrases when used in this subchapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Benefit company." A limited liability company that is subject to this subchapter. "Benefit enforcement proceeding." …
15 Pa.C.S. § 8893 Benefit company status
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(a) Formation of benefit company.--A benefit company shall be formed in accordance with section 8821 (relating to formation of limited liability company and certificate of organization) except that its certificate of organization shall also state that it is a benefit company. (b)…
15 Pa.C.S. § 8894 Purposes
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(a) General public benefit purpose.--A benefit company shall have a purpose of creating general public benefit. This purpose is in addition to its purpose under section 8818(b) (relating to characteristics of limited liability company). (b) Optional specific public benefit purpos…
15 Pa.C.S. § 8895 Standard of conduct for members
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(a) Consideration of interests.--The members of a member-managed limited liability company that is a benefit company, when discharging their duties under this title or under the operating agreement: (1) shall consider the effects of any action upon: (i) the members of the benefit…
