GroundRules
15 Pa.C.S. § 1523: Pricing and issuance of shares.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART B BUSINESS CORPORATIONS
- ARTICLE B DOMESTIC BUSINESS CORPORATIONS GENERALLY
- CHAPTER 15 CORPORATE POWERS, DUTIES AND SAFEGUARDS
- SUBCHAPTER B SHARES AND OTHER SECURITIES
Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:
(1) the persons that shares will be issued to; and
(2) the number of shares, price or consideration and other terms on which shares will be issued.
Collected 2026-09-02T16:31:13Z. Source file · JSON