§ 7725. Savings provisions.
79 words·~1 min read·
/pa/title-15/chapter-77/7725A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7725. Savings provisions.
(a)General rule.-- In relation to a corporation existing on the effective date of this chapter, the provisions of this chapter do not impair or affect an act done; offense committed; right accruing or accrued; or liability, penalty, forfeiture or punishment incurred prior to the effective date of this chapter.
(b)Contracts.-- This chapter does not impair or affect a contract entered into by a corporation prior to the effective date of this chapter.
15c7726s