(a) Short title.--This chapter may be cited as the Pennsylvania Uniform Limited Liability Company Act of 2016.
(b) Initial application.--Before April 1, 2017, this chapter governs only:
(1) a limited liability company formed on or after February 21, 2017; and
(2) except as provided in subsection (c), a limited liability company formed before February 21, 2017, which elects, in the manner provided in its operating agreement or by law for amending the operating agreement, to be subject to this chapter.
(c) Full effective date.--Except as provided in subsection (d), on and after April 1, 2017, this chapter governs all limited liability companies.
(d) Certificates of membership interest.--For purposes of applying this chapter to a limited liability company formed before February 21, 2017, language in the company's certificate of organization authorizing the issuance of certificates of membership interest operates as if that language were in the operating agreement.
(e) Cross reference.--See section 8815(c)(5) (relating to contents of operating agreement).
Cross References. Section 8811 is referred to in sections 8812, 8815 of this title.
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