§ 5730. Compensation of directors.
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/pa/title-15/chapter-57/5730A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5730. Compensation of directors.
(a)General rule.-- Except as otherwise restricted in the bylaws, the board of directors of a nonprofit corporation has the authority to fix the compensation of directors for their services as directors regardless of the personal interest of the directors. A director may be a salaried officer of the corporation.
(b)Presumption.-- If the board of directors of a nonprofit corporation that is not incorporated for a charitable purpose establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation.
15c5730v
(July 9, 2013, P.L.476, No.67, eff. 60 days; Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
Cross References. Section 5730 is referred to in sections 5103, 5728 of this title.
15c5731s