GroundRules
15 Pa.C.S. § 1730: Compensation of directors.
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 C DIRECTORS AND OFFICERS
(a) General rule.--Except as otherwise restricted in the bylaws, the board of directors of a business 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 establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation.
Collected 2026-09-02T16:31:13Z. Source file · JSON