{"data":{"id":"us-pa/15-pa.c.s.-1523","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 1523","heading":"Pricing and issuance of shares.","body":"Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:\n(1) the persons that shares will be issued to; and\n(2) the number of shares, price or consideration and other terms on which shares will be issued.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART B BUSINESS CORPORATIONS","ARTICLE B DOMESTIC BUSINESS CORPORATIONS GENERALLY","CHAPTER 15 CORPORATE POWERS, DUTIES AND SAFEGUARDS","SUBCHAPTER B SHARES AND OTHER SECURITIES"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=15\u0026sctn=23\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"259c4a7d7f31e881ee5909db8a434f288ad2fb037bf21444732ebea894b3a76b","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-1522","next":"us-pa/15-pa.c.s.-1524"},"notice":"GroundRules: Original legal text. Not legal advice."}