{"data":{"id":"us-pa/15-pa.c.s.-5719","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 5719","heading":"Renunciation of corporate opportunities.","body":"The articles of incorporation or bylaws, or an action of the board of directors, may renounce any interest or expectancy of a nonprofit corporation in, or in being offered an opportunity to participate in, a specified corporate opportunity or specified classes or categories of corporate opportunities that are presented to the corporation or to one or more of its directors, officers or members.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART C NONPROFIT CORPORATIONS","ARTICLE B DOMESTIC NONPROFIT CORPORATIONS GENERALLY","CHAPTER 57 OFFICERS, DIRECTORS AND MEMBERS","SUBCHAPTER B FIDUCIARY DUTY"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=57\u0026sctn=19\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"5cc9be6d332910b65b2903ef8db86216fb28997df73859f6e48c2aa85cbae8f0","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-5718","next":"us-pa/15-pa.c.s.-5721"},"notice":"GroundRules: Original legal text. Not legal advice."}