{"data":{"id":"us-pa/15-pa.c.s.-2305","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 2305","heading":"Election of an existing business corporation to become a statutory close corporation.","body":"(a) General rule.--A business corporation may become a statutory close corporation under this chapter by amending its articles so that they shall contain, in addition to the requirements of section 1911(b) (relating to exceptions):\n(1) A heading stating the name of the corporation and that it is a statutory close corporation.\n(2) A statement that it elects to become a statutory close corporation.\n(3) The provision required by section 2304(a) (relating to additional contents of articles of statutory close corporations).\n(b) Procedure.--The amendment shall not be effective unless it is adopted by the affirmative vote of all shareholders of the corporation whether or not otherwise entitled to vote thereon.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART B BUSINESS CORPORATIONS","ARTICLE C DOMESTIC BUSINESS CORPORATION ANCILLARIES","CHAPTER 23 STATUTORY CLOSE CORPORATIONS","SUBCHAPTER A PRELIMINARY PROVISIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=23\u0026sctn=5\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"2c03246ed4544220ff88f7e1a16a754449982104503d68798f974686f28346c9","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-2304","next":"us-pa/15-pa.c.s.-2306"},"notice":"GroundRules: Original legal text. Not legal advice."}