§ 1908. Submission of matters to shareholders.
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/pa/title-15/chapter-19/1908A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1908. Submission of matters to shareholders.
A business corporation may agree, in record form, to submit an amendment or other matter to its shareholders whether or not the board of directors determines, at any time after approving the matter, that the matter is no longer advisable and recommends that the shareholders reject or vote against it, regardless of whether the board of directors changes its recommendation. If a corporation so agrees to submit a matter to its shareholders, the matter is deemed to have been validly adopted by the corporation when it has been approved by the shareholders.
15c1908v
(July 9, 2013, P.L.476, No.67, eff. 60 days; Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015)
15c1911h
SUBCHAPTER B
AMENDMENT OF ARTICLES
Sec.
1911. Amendment of articles authorized.
1912. Proposal of amendments.
1913. Notice of meeting of shareholders.
1914. Adoption of amendments.
1915. Articles of amendment.
1916. Filing and effectiveness of articles of amendment.
Cross References. Subchapter B is referred to in sections 321, 1103, 2104, 2105, 2332, 2538, 2704, 2904, 2906, 7104, 7105 of this title.
15c1911s