Pennsylvania Consolidated Statutes

CORPORATIONS AND UNINCORPORATED ASSOCIATIONS (TITLE 15)

FORMS [Off-site]


PART II. CORPORATIONS
SUBPART B. BUSINESS CORPORATIONS
ARTICLE B. DOMESTIC BUSINESS CORPORATIONS GENERALLY

CHAPTER 15. CORPORATE POWERS, DUTIES AND SAFEGUARDS

Subchapter A. General Provisions.
Subchapter B. Shares and Other Securities.
Subchapter C. Corporate Finance.
Subchapter D. Dissenters Rights.


Subchapter A. General Provisions.

§ 1501. Corporate capacity.
§ 1502. General powers.
§ 1503. Defense of ultra vires.
§ 1504. Adoption, amendment and contents of bylaws.
§ 1505. Persons bound by bylaws.
§ 1506. Form of execution of instruments.
§ 1507. Registered office.
§ 1508. Corporate records; inspection.
§ 1509. Bylaws and other powers in emergency.
§ 1510. Certain specifically authorized debt terms.
§ 1511. Additional powers of certain public utility corporations.

Subchapter B. Shares and Other Securities.

§ 1521. Authorized shares.
§ 1522. Issuance of shares in classes or series; board action.
§ 1523. Pricing and issuance of shares.
§ 1524. Payment for shares.
§ 1525. Stock rights and options.
§ 1526. Liability of subscribers and shareholders.
§ 1527. Issuance of fractional shares or scrip.
§ 1528. Shares represented by certificates and uncertified shares.
§ 1529. Transfer of securities; restrictions.
§ 1530. Preemptive rights of shareholders.
§ 1531. Voting powers and other rights of certain securityholders and other entities.
§ 1532. Effect of failure to surrender securities converted by reorganization.

Subchapter C. Corporate Finance.

§ 1551. Distributions to shareholders.
§ 1552. Power of corporation to acquire its own shares.
§ 1553. Liability for unlawful dividends and other distributions.
§ 1554. Financial reports to shareholders.

Subchapter D. Dissenters Rights.

§ 1571. Application and effect of subchapter.
§ 1572. Definitions.
§ 1573. Record and beneficial holders and owners.
§ 1574. Notice of intention to dissent.
§ 1575. Notice to demand payment.
§ 1576. Failure to comply with notice to demand payment, etc.
§ 1577. Release of restrictions or payment for shares.
§ 1578. Estimate by dissenter of fair value of shares.
§ 1579. Valuation proceedings generally.
§ 1580. Costs and expenses of valuation proceedings.


The complete Pennsylvania Statutes are not yet available on the web. However, selected portions have been made available and can be accessed by CLICKING HERE. These statutes, though available instantaneously over the web, may not be the current law. Court decisions overturning them, later statutes amending them, and a host of other factors come into play when interpreting them. They are provided here as a resource. They should provide some information about the state of the law. However, a competent lawyer, who from other sources will research the law to insure what is current, should always be employed in matters of importance.

Visit/Return to Home Page of Pennsylvania District Court 15-4-04.


Corporate Powers, Duties And Safeguards / Judiciary@aol.com / last revised June 1999