2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 19 - Fundamental Changes
1995 - Court proceedings.

     § 1995.  Court proceedings.
        (a)  General rule.--A dissolved business corporation or
     successor entity that has given notice in accordance with
     section 1992 (relating to notice to claimants) shall file an
     application with the court for a determination of the amount and
     form of security:
            (1)  that will be sufficient to provide compensation to
        any claimant who has rejected the offer for security made
        pursuant to section 1994 (relating to disposition of
        unmatured claims); and
            (2)  that will be reasonably likely to be sufficient to
        provide compensation for claims that have not been made known
        to the corporation or that have not arisen but that, based on
        the facts known to the corporation or successor entity, are
        likely to arise or to become known to the corporation or
        successor entity prior to the expiration of the two-year
        period specified in section 1979(a)(2) (relating to survival
        of remedies and rights after dissolution).
        (b)  Guardian ad litem.--The court may appoint a guardian ad
     litem in respect of any proceeding brought under this
     subchapter. The reasonable fees and expenses of the guardian,
     including all reasonable expert witness fees, shall be paid by
     the applicant in the proceeding unless otherwise ordered by the
     court.
     (Dec. 18, 1992, P.L.1333, No.169, eff. 60 days)

        Cross References.  Section 1995 is referred to in section
     1997 of this title.