{"data":{"id":"us-pa/15-pa.c.s.-523","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 523","heading":"Actions by shareholders or members to enforce a secondary right.","body":"(a) General rule.--A banking institution shall be governed by the provisions of Subchapter F of Chapter 17 (relating to derivative actions).\n(b) Security for costs.--(Deleted by amendment).\n(c) Definitions.--When applying the provisions of Subchapter F of Chapter 17, the following words and phrases shall have the meanings given to them in this subsection:\n\"Director.\" Includes any individual performing the function of director, regardless of title.\n\"Member.\" Includes depositors in a mutual banking institution.\n\"Shares.\" Includes outstanding contracts or accounts of members in a mutual banking institution.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART A CORPORATIONS GENERALLY","CHAPTER 5 CORPORATIONS","SUBCHAPTER C PROVISIONS APPLICABLE TO PARTICULAR TYPES OF CORPORATIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=5\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":"df8911199ba4a74d6477a756dfb51fbab61d6b2691161e07f98789a37ba0f4f6","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-522","next":"us-pa/15-pa.c.s.-524"},"notice":"GroundRules: Original legal text. Not legal advice."}