2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 23 - Statutory Close Corporations
2335 - Operating corporation as partnership.

     § 2335.  Operating corporation as partnership.
        A written agreement among shareholders of a statutory close
     corporation, or any provision of the articles or bylaws of the
     corporation, which agreement or provision relates to any phase
     of the affairs of such corporation, including, but not limited
     to, the management of its business or declaration and payment of
     dividends or other division of profits or the election of
     directors or officers or the employment of shareholders by the
     corporation or the arbitration of disputes, shall not be invalid
     on the ground that it is an attempt by the parties to the
     agreement or by the shareholders of the corporation to treat the
     corporation as if it were a partnership or to arrange relations
     among the shareholders or between the shareholders and the
     corporation in a manner that would be appropriate only among
     partners and shall not be grounds for imposing personal
     liability on the shareholders for obligations of the
     corporation.