2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 41 - Foreign Business Corporations
4162 - Effect of domestication. SUBPART C. NONPROFIT CORPORATIONS

     § 4162.  Effect of domestication.
        (a)  General rule.--As a domestic business corporation, the
     domesticated corporation shall no longer be a foreign business
     corporation for the purposes of this subpart and shall, instead,
     be a domestic business corporation with all the powers and
     privileges and all the duties and limitations granted and
     imposed upon domestic business corporations. In all other
     respects, the domesticated corporation shall be deemed to be the
     same corporation as it was prior to the domestication without
     any change in or effect on its existence. Without limiting the
     generality of the previous sentence, the domestication shall not
     be deemed to have affected in any way:
            (1)  the right and title of the corporation in and to its
        assets, property, franchises, estates and choses in action;
            (2)  the liability of the corporation for its debts,
        obligations, penalties and public accounts due the
        Commonwealth;
            (3)  any liens or other encumbrances on the property or
        assets of the corporation; or
            (4)  any contract, license or other agreement to which
        the corporation is a party or under which it has any rights
        or obligations.
        (b)  Reclassification of shares.--The shares of the
     domesticated corporation shall be unaffected by the
     domestication except to the extent, if any, reclassified in the
     articles of domestication.
     (June 22, 2001, P.L.418, No.34, eff. 60 days)