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

15 Pa.C.S. § 7724: Conversion to a corporation governed by the Business Corporation Law.

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Where this section sits in the code
  1. Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
  2. PART II CORPORATIONS
  3. SUBPART D COOPERATIVE CORPORATIONS
  4. ARTICLE B DOMESTIC COOPERATIVE CORPORATION ANCILLARIES
  5. CHAPTER 77 WORKERS' COOPERATIVE CORPORATIONS

(a) Amendment of articles.--A corporation may revoke its election to be governed by this chapter by filing an adopted amendment to its articles of incorporation with the department.

(b) Conversion of shares and accounts.--When a corporation revokes its election under subsection (a), the amendment to the articles of incorporation shall provide for the conversion of membership shares and internal capital accounts to securities or other property in a manner consistent with this title.

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

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