2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
1732 - Officers.

     § 1732.  Officers.
        (a)  General rule.--Every business corporation shall have a
     president, a secretary and a treasurer, or persons who shall act
     as such, regardless of the name or title by which they may be
     designated, elected or appointed and may have such other
     officers and assistant officers as it may authorize from time to
     time. The bylaws may prescribe special qualifications for the
     officers. The president and secretary shall be natural persons
     of full age. The treasurer may be a corporation, but if a
     natural person shall be of full age. Unless otherwise restricted
     in the bylaws, it shall not be necessary for the officers to be
     directors. Any number of offices may be held by the same person.
     The officers and assistant officers shall be elected or
     appointed at such time, in such manner and for such terms as may
     be fixed by or pursuant to the bylaws. Unless otherwise provided
     by or pursuant to the bylaws, each officer shall hold office for
     a term of one year and until his successor has been selected and
     qualified or until his earlier death, resignation or removal.
     Any officer may resign at any time upon written notice to the
     corporation. The resignation shall be effective upon receipt
     thereof by the corporation or at such subsequent time as may be
     specified in the notice of resignation. The corporation may
     secure the fidelity of any or all of the officers by bond or
     otherwise.
        (b)  Authority.--Unless otherwise provided in the bylaws, all
     officers of the corporation, as between themselves and the
     corporation, shall have such authority and perform such duties
     in the management of the corporation as may be provided by or
     pursuant to the bylaws or, in the absence of controlling
     provisions in the bylaws, as may be determined by or pursuant to
     resolutions or orders of the board of directors.
        (c)  Cross references.--See sections 1110 (relating to annual
     report information), 1712(c) (relating to officers) and 3132
     (relating to officers).
     (Dec. 19, 1990, P.L.834, No.198, eff. imd.)

        1990 Amendment.  Act 198 repealed subsec. (c) and added a new
     subsec. (c).