2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
1745 - Advancing expenses.

     § 1745.  Advancing expenses.
        Expenses (including attorneys' fees) incurred in defending
     any action or proceeding referred to in this subchapter may be
     paid by a business corporation in advance of the final
     disposition of the action or proceeding upon receipt of an
     undertaking by or on behalf of the representative to repay the
     amount if it is ultimately determined that he is not entitled to
     be indemnified by the corporation as authorized in this
     subchapter or otherwise. Except as otherwise provided in the
     bylaws, advancement of expenses shall be authorized by the board
     of directors. Sections 1728 (relating to interested directors or
     officers; quorum) and 2538 (relating to approval of transactions
     with interested shareholders) shall not be applicable to the
     advancement of expenses under this section.
     (June 22, 2001, P.L.418, No.34, eff. 60 days)