§ 8891. Application and effect of subchapter.
151 words·~1 min read·
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§ 8891. Application and effect of subchapter.
(a)General rule.-- This subchapter shall apply to all benefit companies.
(b)Limited application of subchapter.-- The existence of a provision of this subchapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a limited liability company that is not a benefit company. This subchapter shall not affect any statute or rule of law that is or would be applicable to a limited liability company that is not a benefit company.
(c)Laws applicable to benefit companies.-- Except as otherwise provided in this subchapter, the provisions of Part I (relating to preliminary provisions) and this chapter shall apply generally to benefit companies. The provisions of this subchapter shall control over inconsistent provisions of this title.
(d)Organic rules may not be inconsistent.-- See section 8815(c)(19) (relating to contents of operating agreement).
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