2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 25 - Registered Corporations
2575 - Ownership by corporation of profits resulting from certain transactions.

     § 2575.  Ownership by corporation of profits resulting from
                certain transactions.
        Any profit realized by any person or group who is or was a
     controlling person or group with respect to a registered
     corporation from the disposition of any equity security of the
     corporation to any person (including under Subchapter E
     (relating to control transactions) or otherwise), including,
     without limitation, to the corporation (including under
     Subchapter G (relating to control-share acquisitions) or
     otherwise) or to another member of the controlling person or
     group, shall belong to and be recoverable by the corporation
     where the profit is realized by such person or group:
            (1)  from the disposition of the equity security within
        18 months after the person or group obtained the status of a
        controlling person or group; and
            (2)  the equity security had been acquired by the
        controlling person or group within 24 months prior to or 18
        months subsequent to the obtaining by the person or group of
        the status of a controlling person or group.
     Any transfer by a controlling person or group of the ownership
     of any equity security may be suspended on the books of the
     corporation, and certificates representing such securities may
     be duly legended, to enforce the rights of the corporation under
     this subchapter.
     (Dec. 19, 1990, P.L.834, No.198, eff. imd.)

        1990 Amendment.  Act 198 renumbered section 2574 to section
     2575 and renumbered former section 2575 to section 2576.