2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
1717 - Limitation on standing.

     § 1717.  Limitation on standing.
        The duty of the board of directors, committees of the board
     and individual directors under section 1712 (relating to
     standard of care and justifiable reliance) is solely to the
     business corporation and may be enforced directly by the
     corporation or may be enforced by a shareholder, as such, by an
     action in the right of the corporation, and may not be enforced
     directly by a shareholder or by any other person or group.
     Notwithstanding the preceding sentence, sections 1715(a) and (b)
     (relating to exercise of powers generally) and 1716(a) (relating
     to alternative standard) do not impose upon the board of
     directors, committees of the board and individual directors any
     legal or equitable duties, obligations or liabilities or create
     any right or cause of action against, or basis for standing to
     sue, the board of directors, committees of the board and
     individual directors.

        Cross References.  Section 1717 is referred to in section
     8943 of this title.