{"data":{"id":"us-pa/15-pa.c.s.-524","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 524","heading":"Renunciation of business opportunities.","body":"The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members.","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=24\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"90e9f2193a4b912b5e3b481fe705746cf4fcb89753d2b8cf46f4f12a441a887c","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-523","next":"us-pa/15-pa.c.s.-1101"},"notice":"GroundRules: Original legal text. Not legal advice."}