2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
1761 - Voting by joint holders of shares.

     § 1761.  Voting by joint holders of shares.
        (a)  General rule.--Where shares of a business corporation
     are held jointly or as tenants in common by two or more persons,
     as fiduciaries or otherwise:
            (1)  if only one or more of such persons is present in
        person or by proxy, all of the shares standing in the names
        of such persons shall be deemed to be represented for the
        purpose of determining a quorum and the corporation shall
        accept as the vote of all the shares the vote cast by him or
        a majority of them; and
            (2)  if the persons are equally divided upon whether the
        shares held by them shall be voted or upon the manner of
        voting the shares, the voting of the shares shall be divided
        equally among the persons without prejudice to the rights of
        the joint owners or the beneficial owners thereof among
        themselves.
        (b)  Exception.--If there has been filed with the secretary
     of the corporation a copy, certified by an attorney at law to be
     correct, of the relevant portions of the agreement under which
     the shares are held or the instrument by which the trust or
     estate was created or the order of court appointing them or of
     an order of court directing the voting of the shares, the
     persons specified as having such voting power in the latest
     document so filed, and only those persons, shall be entitled to
     vote the shares but only in accordance therewith.