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Pennsylvania · Through 2026-07-28 (Statute Update stamp, 15 Pa.C.S.)

15 Pa.C.S. § 330: Alternative means of approval of transactions.

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Where this section sits in the code
  1. Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
  2. PART I PRELIMINARY PROVISIONS
  3. CHAPTER 3 ENTITY TRANSACTIONS
  4. SUBCHAPTER B APPROVAL OF ENTITY TRANSACTIONS

(a) General rule.--Except as provided in subsection (b) or the organic rules of a domestic entity, approval of a transaction under this chapter by the unanimous vote or consent of its interest holders satisfies the requirements of this chapter for approval of the transaction.

(b) Exception.--Subsection (a) shall not apply to a nonprofit corporation.

Collected 2026-09-02T16:31:13Z. Source file · JSON

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