§ 7726. Applicability.

168 words·~1 min read·/pa/title-15/chapter-77/7726

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

(a)General rule.-- This chapter shall apply to domestic corporations incorporated under this chapter.

(b)Existing corporations.-- This chapter shall apply to existing domestic corporations incorporated under or subject to any prior law of the Commonwealth concerning incorporation and regulation of corporations, whether cooperative or noncooperative, by the filing with the department of a certificate executed under the seal of the corporation, signed by two authorized officers of the corporation and setting forth:

(1)The name of the corporation.

(2)The statute by or under which it was created or formed.

(3)A statement that the members or stockholders of the corporation have elected, by a majority vote of the members or stockholders present at a meeting called for such purpose at which a quorum is present, to accept the provisions of this chapter for the government and regulation of the affairs of the corporation.

15c7726v

(Dec. 19, 1990, P.L.834, No.198, eff. imd.)

1990 Amendment. Act 198 amended subsec. (a), retroactive to June 19, 1989.