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

15 Pa.C.S. § 373: Approval of domestication.

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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 G DOMESTICATION

(a) Approval by domestic entities.--A plan of domestication in which the domesticating entity is a domestic entity is not effective unless it has been approved by the domestic entity in accordance with the applicable provisions of Subchapter B (relating to approval of entity transactions).

(b) Approval by foreign entities.--A plan of domestication in which the domesticating entity is a foreign entity is not effective unless it has been approved in one of the following ways:

(1) In accordance with the laws of the jurisdiction of formation of the foreign entity.

(2) By at least a majority of the votes cast with respect to approval of the domestication by all interest holders of the foreign entity entitled to vote generally on a merger to which the foreign entity is a party if the laws of the foreign entity's jurisdiction of formation does not provide for a domestication of the foreign entity.

(c) Cross references.--See sections 317 (relating to contractual dissenters rights in entity transactions) and 329 (relating to special treatment of interest holders).

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

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