GroundRules
15 Pa.C.S. § 523: Actions by shareholders or members to enforce a secondary right.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART A CORPORATIONS GENERALLY
- CHAPTER 5 CORPORATIONS
- SUBCHAPTER C PROVISIONS APPLICABLE TO PARTICULAR TYPES OF CORPORATIONS
(a) General rule.--A banking institution shall be governed by the provisions of Subchapter F of Chapter 17 (relating to derivative actions).
(b) Security for costs.--(Deleted by amendment).
(c) Definitions.--When applying the provisions of Subchapter F of Chapter 17, the following words and phrases shall have the meanings given to them in this subsection:
"Director." Includes any individual performing the function of director, regardless of title.
"Member." Includes depositors in a mutual banking institution.
"Shares." Includes outstanding contracts or accounts of members in a mutual banking institution.
Collected 2026-09-02T16:31:13Z. Source file · JSON