GroundRules
15 Pa.C.S. § 5719: Renunciation of corporate opportunities.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART C NONPROFIT CORPORATIONS
- ARTICLE B DOMESTIC NONPROFIT CORPORATIONS GENERALLY
- CHAPTER 57 OFFICERS, DIRECTORS AND MEMBERS
- SUBCHAPTER B FIDUCIARY DUTY
The articles of incorporation or bylaws, or an action of the board of directors, may renounce any interest or expectancy of a nonprofit corporation in, or in being offered an opportunity to participate in, a specified corporate opportunity or specified classes or categories of corporate opportunities that are presented to the corporation or to one or more of its directors, officers or members.
Collected 2026-09-02T16:31:13Z. Source file · JSON