{"data":{"id":"us-pa/15-pa.c.s.-3304","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 3304","heading":"Election of benefit corporation status.","body":"(a) Amendment.--An existing business corporation may become a benefit corporation by amending its articles so that they contain, in addition to the requirements of section 1306(a) (relating to articles of incorporation), a statement that the corporation is a benefit corporation. The amendment shall not be effective unless it is adopted by at least the minimum status vote.\n(b) Fundamental transactions.--If an association that is not a benefit corporation is a party to a merger or division or is the exchanging association in an interest exchange, and the surviving, new or any resulting association in the merger, division or interest exchange is to be a benefit corporation, then the plan of merger, division or interest exchange shall not be effective unless it is adopted by the association by at least the minimum status vote.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART B BUSINESS CORPORATIONS","ARTICLE C DOMESTIC BUSINESS CORPORATION ANCILLARIES","CHAPTER 33 BENEFIT CORPORATIONS","SUBCHAPTER A PRELIMINARY PROVISIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=33\u0026sctn=4\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"1b0bb778e8a625fe7eeb6bc629077ad697a3f4b9b4765445c08598fd95087923","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-3303","next":"us-pa/15-pa.c.s.-3305"},"notice":"GroundRules: Original legal text. Not legal advice."}