GroundRules
15 Pa.C.S. § 1719: Renunciation of business opportunities.
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 17 OFFICERS, DIRECTORS AND SHAREHOLDERS
- SUBCHAPTER B FIDUCIARY DUTY
The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a business corporation in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers or shareholders.
Collected 2026-09-02T16:31:13Z. Source file · JSON