{"data":{"id":"us-pa/15-pa.c.s.-315","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 315","heading":"Nature of transactions.","body":"(a) General rule.--The fact that a sale or conversion of the interests in or assets of an association or a transaction under this chapter or other law produces a result that could be accomplished in any other manner permitted by a different set of provisions of this chapter or other law shall not be a basis for recharacterizing the sale, conversion or transaction as a different form of sale, conversion or transaction under this chapter or other law.\n(b) Business purpose not required.--A transaction under this chapter does not require an independent business purpose in order for the transaction to be lawful.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART I PRELIMINARY PROVISIONS","CHAPTER 3 ENTITY TRANSACTIONS","SUBCHAPTER A PRELIMINARY PROVISIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=3\u0026sctn=15\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"da2d5b94026704fff7fbc7d850df4062e6110ad7599cdb0eb65708a92bb226d5","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-314","next":"us-pa/15-pa.c.s.-316"},"notice":"GroundRules: Original legal text. Not legal advice."}