2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 57 - Officers, Directors and Members
5749 - Application to employee benefit plans.

     § 5749.  Application to employee benefit plans.
        For the purposes of this subchapter:
            (1)  References to "other enterprises" shall include
        employee benefit plans and references to "serving at the
        request of the corporation" shall include any service as a
        representative of the nonprofit corporation that imposes
        duties on or involves services by the representative with
        respect to an employee benefit plan, its participants or
        beneficiaries.
            (2)  Excise taxes assessed on a person with respect to
        any employee benefit plan pursuant to applicable law shall be
        deemed "fines."
            (3)  Action with respect to an employee benefit plan
        taken or omitted in good faith by a representative of the
        corporation in a manner he reasonably believed to be in the
        interest of the participants and beneficiaries of the plan
        shall be deemed to be action in a manner that is not opposed
        to the best interests of the corporation.
     (Dec. 19, 1990, P.L.834, No.198, eff. imd.)

        1990 Amendment.  Act 198 added section 5749.