§ 107. Form of records.

134 words·~1 min read·/pa/title-15/chapter-1/107

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)General rule.-- Information maintained or administered by or on behalf of a corporation or other association in the regular course of its business or activities, including shareholder or membership records, books of account and minute books, may be kept in record form.

(b)Meaning of "written".-- References in this title to a document in writing or to a written provision of an agreement or other document shall be deemed to include and be satisfied by a document or provision of an agreement or document in record form.

15c107v

(July 9, 2013, P.L.476, No.67, eff. 60 days; Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)

2022 Amendment. Act 122 amended subsec. (a).

Cross References. Section 107 is referred to in sections 1508, 1512, 5508, 5512 of this title.

15c108s