§ 330. Alternative means of approval of transactions.
127 words·~1 min read·
/pa/title-15/chapter-3/330A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 330. Alternative means of approval of transactions.
(a)General rule.-- Except as provided in subsection
(b)or the organic rules of a domestic entity, approval of a transaction under this chapter by the unanimous vote or consent of its interest holders satisfies the requirements of this chapter for approval of the transaction.
(b)Exception.-- Subsection
(a)shall not apply to a nonprofit corporation.
15c330v
Cross References. Section 330 is referred to in sections 321, 325 of this title.
15c331h
SUBCHAPTER C
MERGER
Sec.
331. Merger authorized.
332. Plan of merger.
333. Approval of merger.
334. Amendment or abandonment of plan of merger.
335. Statement of merger; effectiveness.
336. Effect of merger.
Cross References. Subchapter C is referred to in sections 312, 2538 of this title.
15c331s