2010 Pennsylvania Code
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 42 - Creation, Alteration and Termination of Cooperatives
4203 - Construction and validity of declaration and bylaws.

     § 4203.  Construction and validity of declaration and bylaws.
        (a)  Provisions severable.--All provisions of the declaration
     and bylaws are severable.
        (b)  Application of rule against perpetuities.--The rule
     against perpetuities may not be applied to defeat any provision
     of the declaration, bylaws or rules and regulations adopted
     pursuant to section 4302(a)(1) (relating to powers of
     association).
        (c)  Conflict between declaration and bylaws.--In the event
     of a conflict between the provisions of the declaration and the
     bylaws, the declaration prevails except to the extent the
     declaration is inconsistent with this subpart.
        (d)  Effect of noncompliance on title to unit.--Title to a
     cooperative interest is not rendered unmarketable or otherwise
     affected by reason of an insubstantial failure of the
     declaration to comply with this subpart. Whether a substantial
     failure impairs marketability is not affected by this subpart.

        Cross References.  Section 4203 is referred to in section
     4102 of this title.