My understanding is this:
Whoever is in first position (which could be the caller or raiser) either has to show or muck their hand straight away thereby losing the pot and allowing the second player to win the pot without showing. The second guy can then either muck or show.
But for some reason you can ask to see a mucked hand and they are obliged to show (or the dealer will show it), but it's considered bad etiquette. Sounds pretty stupid to me: why not just have a rule either show all or anything can be mucked?
EDIT: In the LPL I'm not aware of there being any rules about this. I either just show my hands wherever I am or I sometimes muck if the other player shows first and I'm behind.
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