Code · Pennsylvania · Title 15 — CORPORATIONS AND UNINCORPORATED ASSOCIATIONS · Chapter 57

§ 5729. Voting rights of directors.

112 words·~1 min read·/pa/title-15/chapter-57/5729

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

(a)General rule.-- Unless otherwise provided in a bylaw adopted by the members every director shall be entitled to one vote.

(b)Multiple and fractional voting.-- The requirement of this subpart for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes which all directors are entitled to cast.

15c5729v

(July 9, 2013, P.L.476, No.67, eff. 60 days)

2013 Amendment. Act 67 amended subsec. (b).

Cross References. Section 5729 is referred to in section 5504 of this title.

15c5730s