2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
1762 - Voting by corporations.

     § 1762.  Voting by corporations.
        (a)  Voting in business corporation matters.--Any other
     domestic or foreign corporation for profit or not-for-profit
     that is a shareholder of a business corporation may vote by any
     of its officers or agents, or by proxy appointed by any officer
     or agent, unless some other person, by resolution of the board
     of directors of the 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 has been filed
     with the secretary of the business corporation, is appointed its
     general or special proxy in which case that person shall be
     entitled to vote the shares.
        (b)  Voting by business corporations.--Shares of or
     memberships in a domestic or foreign corporation for profit or
     not-for-profit other than a business corporation, standing in
     the name of a shareholder or member that is a business
     corporation, may be voted by the persons and in the manner
     provided for in the case of business corporations by subsection
     (a) unless the laws of the jurisdiction in which the issuer of
     the shares or memberships is incorporated 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 those laws
     are inconsistent herewith, this subsection shall not apply.
        (c)  Controlled shares.--Shares of a business corporation
     owned, directly or indirectly, by it and controlled, directly or
     indirectly, by the board of directors of the corporation, as
     such, shall not be voted at any meeting and shall not be counted
     in determining the total number of outstanding shares for voting
     purposes at any given time.