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Code · Pennsylvania · Title 15 — CORPORATIONS AND UNINCORPORATED ASSOCIATIONS · Chapter 21

§ 2102. Formation of nonstock corporations.

117 words·~1 min read·/pa/title-15/chapter-21/2102

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§ 2102. Formation of nonstock corporations.
(a)General rule.-- A nonstock corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain:
(1)A heading stating the name of the corporation and that it is a nonstock corporation.
(2)The provisions required by section 2103 (relating to contents of articles and other documents of nonstock corporations).
(b)Initial members.-- Upon the filing of articles of a nonstock corporation, the subscribers to the minimum guaranteed capital of the corporation, if any, and the incorporators shall be the initial members of the corporation.
15c2102v
Cross References. Section 2102 is referred to in sections 2105, 7105 of this title.
15c2103s
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