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Pennsylvania Statutes Title 40 P.S. Insurance § 1564.1. Applicability to limited liability companies

Current as of January 01, 2025 | Updated by Findlaw Staff

This act and regulations promulgated under this act shall apply to a limited liability company as follows:

(1) The board of managers of a limited liability company shall be treated in the same manner as the board of directors of a corporation.

(2) The members of a limited liability company shall be treated in the same manner as the shareholders of a corporation.

(3) No limited liability company that is a health maintenance organization shall be treated differently from a corporation that is a health maintenance organization with respect to any of its liabilities.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 1564.1. Applicability to limited liability companies - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-1564-1/

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