2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 57 - Officers, Directors and Members
5760 - Voting by corporations.

     § 5760.  Voting by corporations.
        (a)  Voting in nonprofit corporation matters.--Unless
     otherwise provided in a bylaw of a nonprofit corporation adopted
     by the members, any other corporation which is a member of such
     a nonprofit corporation may vote therein by any of its officers,
     unless some other person, by resolution of the board of
     directors of such other corporation, or a provision of its
     articles or bylaws, a copy of which resolution or provision
     certified to be correct by one of its officers shall have been
     filed with the secretary of the nonprofit corporation, shall be
     appointed its general or special proxy, in which case such
     person shall be entitled to vote therein.
        (b)  Voting by nonprofit corporations.--Shares of or
     memberships in a domestic or foreign corporation for profit or
     not-for-profit other than a nonprofit corporation, standing in
     the name of a shareholder or member which is a nonprofit
     corporation, may be voted by the persons and in the manner
     provided for in the case of nonprofit corporations by subsection
     (a) of this section unless the laws of the jurisdiction in which
     the issuer of any such shares or memberships is incorporated
     shall require the shares or memberships to be voted by some
     other person or persons or in some other manner, in which case
     to the extent that such laws are inconsistent herewith this
     subsection shall not apply.

        Cross References.  Section 5760 is referred to in section
     5504 of this title.

Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.