2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 21 - Nonstock Corporations
2126 - Dissolution of nonstock corporations.

     § 2126.  Dissolution of nonstock corporations.
        If at the time of dissolution of a nonstock corporation the
     articles, bylaws and documents evidencing membership fail to
     define the respective rights and preferences of the members upon
     dissolution, the surplus of cash or property remaining after
     discharging all liabilities of the corporation shall be paid to
     or distributed among the members according to such a plan of
     distribution as the members may adopt. The plan shall be adopted
     in accordance with Subchapter F of Chapter 19 (relating to
     voluntary dissolution and winding up) except that:
            (1)  The members of every class shall be entitled to vote
        on the plan regardless of any limitations stated in the
        articles or bylaws, or in a document evidencing membership,
        on the voting rights of any class.
            (2)  The plan must be approved by a majority of the votes
        cast by the members of each class.

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