2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 57 - Officers, Directors and Members
5711 - Alternative provisions.

                               SUBCHAPTER B
                              FIDUCIARY DUTY

     Sec.
     5711.  Alternative provisions.
     5712.  Standard of care and justifiable reliance.
     5713.  Personal liability of directors.
     5714.  Notation of dissent.
     5715.  Exercise of powers generally.
     5716.  Alternative standard.
     5717.  Limitation on standing.

        Enactment.  Subchapter B was added December 19, 1990,
     P.L.834, No.198, effective immediately.
        Prior Provisions.  Former Subchapter B, which related to
     directors, officers and members of an other body, was added
     December 21, 1988, P.L.1444, No.177, and relettered to
     Subchapter C December 19, 1990, P.L.834, No.198, effective
     immediately.
        Special Provisions in Appendix.  See section 404(b) of Act
     198 of 1990 in the appendix to this title for special provisions
     relating to applicability.
        Cross References.  Subchapter B is referred to in section
     5734 of this title; section 8332.5 of Title 42 (Judiciary and
     Judicial Procedure).
     § 5711.  Alternative provisions.
        Section 5716 (relating to alternative standard) shall not be
     applicable to any nonprofit corporation to which section 5715
     (relating to exercise of powers generally) is applicable.
     Section 5715 shall be applicable to any corporation except a
     corporation:
            (1)  the bylaws of which by amendment adopted by the
        board of directors on or before July 26, 1990, and not
        subsequently rescinded by an articles amendment, explicitly
        provide that section 5715 or corresponding provisions of
        prior law shall not be applicable to the corporation; or
            (2)  the articles of which explicitly provide that
        section 5715 or corresponding provisions of prior law shall
        not be applicable to the corporation.

        Cross References.  Section 5711 is referred to in sections
     5715, 5716 of this title.