{"data":{"id":"us-pa/15-pa.c.s.-2585","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 2585","heading":"Application and effect of subchapter.","body":"(a) General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person).\n(b) Exceptions.--This subchapter shall not apply to:\n(1) Any business combination transaction occurring more than five years after the control-share approval of the registered corporation.\n(2) Any business operation located other than in this Commonwealth.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART B BUSINESS CORPORATIONS","ARTICLE C DOMESTIC BUSINESS CORPORATION ANCILLARIES","CHAPTER 25 REGISTERED CORPORATIONS","SUBCHAPTER J BUSINESS COMBINATION TRANSACTIONS - LABOR CONTRACTS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=25\u0026sctn=85\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"207bd9ebfa727df3095d2f76defaa8fb9c62510c133082cdfc03ea7f35ce7fd7","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-2583","next":"us-pa/15-pa.c.s.-2586"},"notice":"GroundRules: Original legal text. Not legal advice."}