GroundRules
15 Pa.C.S. § 524: Renunciation of business opportunities.
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
The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution 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, shareholders or members.
Collected 2026-09-02T16:31:13Z. Source file · JSON