2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 21 - Nonstock Corporations
2101 - Application and effect of chapter.

                                ARTICLE C
                DOMESTIC BUSINESS CORPORATION ANCILLARIES

     Chapter
       21.  Nonstock Corporations
       23.  Statutory Close Corporations
       25.  Registered Corporations
       27.  Management Corporations
       29.  Professional Corporations
       31.  Insurance Corporations

                                CHAPTER 21
                          NONSTOCK CORPORATIONS

     Subchapter
        A.  Preliminary Provisions
        B.  Powers, Duties and Safeguards

        Enactment.  Chapter 21 was added December 21, 1988, P.L.1444,
     No.177, effective October 1, 1989.
        Cross References.  Chapter 21 is referred to in section 1103
     of this title.

                               SUBCHAPTER A
                          PRELIMINARY PROVISIONS

     Sec.
     2101.  Application and effect of chapter.
     2102.  Formation of nonstock corporations.
     2103.  Contents of articles and other documents of nonstock
            corporations.
     2104.  Election of an existing business corporation to become a
            nonstock corporation.
     2105.  Termination of nonstock corporation status.
     § 2101.  Application and effect of chapter.
        (a)  General rule.--This chapter shall be applicable to:
            (1)  A business corporation that elects to become a
        nonstock corporation in the manner provided by this chapter.
            (2)  A domestic corporation for profit subject to Subpart
        D (relating to cooperative corporations) organized on a
        nonstock basis.
            (3)  A domestic insurance corporation that is a mutual
        insurance company.
        (b)  Application to business corporations generally.--The
     existence of a provision of this chapter shall not of itself
     create any implication that a contrary or different rule of law
     is or would be applicable to a business corporation that is not
     a nonstock corporation. This chapter shall not affect any
     statute or rule of law that is or would be applicable to a
     business corporation that is not a nonstock corporation.
        (c)  Laws applicable to nonstock corporations.--Except as
     otherwise provided in this chapter, this subpart shall be
     generally applicable to all nonstock corporations. The specific
     provisions of this chapter shall control over the general
     provisions of this subpart. In the case of a nonstock
     corporation, references in this part to "shares," "shareholder,"
     "share register," "share ledger," "transfer book for shares,"
     "number of shares entitled to vote" or "class of shares" shall
     mean memberships, member, membership register, membership
     ledger, membership transfer book, number of votes entitled to be
     cast or class of members, respectively. Except as otherwise
     provided in this article, a nonstock corporation may be
     simultaneously subject to this chapter and one or more other
     chapters of this article.
     (Dec. 19, 1990, P.L.834, No.198, eff. imd.)

        1990 Amendment.  Act 198 amended subsec. (a).