The failure of a limited liability partnership, limited partnership, limited liability limited partnership, electing partnership or limited liability company to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a partner, member or manager of the entity for a debt, obligation or other liability of the entity.
15 Pa.C.S. § 8106
Failure to observe formalities
Known as the Associations Code
The act spans §§ 15-101 to 15-9507 (683 sections).
(Nov. 21, 2016, P.L.1328, No.170, eff. 90 days)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.