§ 2901. Application and effect of chapter.

293 words·~1 min read·/pa/title-15/chapter-29/2901

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

(a)General rule.-- This chapter shall be applicable to a business corporation, other than a management corporation, that:

(1)on the effective date of this chapter was subject to the act of July 9, 1970 (P.L.461, No.160), known as the Professional Corporation Law; or

(2)elects to become a professional corporation in the manner provided by this chapter.

(b)Application to business corporations generally.-- The existence of a provision of this chapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a business corporation that is not a professional corporation, and this chapter shall not affect any statute or rule of law that is or would be applicable to a business corporation that is not a professional corporation. This chapter shall not alter or affect any right or privilege existing under any statute or general rule heretofore or hereafter enacted by the General Assembly or (with respect to attorneys at law) prescribed by the Supreme Court of Pennsylvania:

(1)not prohibiting; or

(2)in terms permitting;

performance of professional services in corporate form by a corporation that is not a professional corporation.

(c)Laws applicable to professional corporations.-- Except as otherwise provided in this chapter, Part I (relating to preliminary provisions) and this subpart shall be generally applicable to all professional corporations. The specific provisions of this chapter shall control over the general provisions of Part I and this subpart. Except as otherwise provided in this article, a professional corporation may be simultaneously subject to this chapter and one or more other chapters of this article.

15c2901v

(Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015)

2014 Amendment. Act 172 amended subsec. (c).

15c2902s