2012 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 21 - Nonstock Corporations
Section 2101 - Application and effect of chapter
ARTICLE C
DOMESTIC BUSINESS CORPORATION ANCILLARIES
Chapter
21. Nonstock Corporations
23. Statutory Close Corporations
25. Registered Corporations
27. Management Corporations
29. Professional Corporations
31. Insurance Corporations
CHAPTER 21
NONSTOCK CORPORATIONS
Subchapter
A. Preliminary Provisions
B. Powers, Duties and Safeguards
Enactment. Chapter 21 was added December 21, 1988, P.L.1444, No.177, effective October 1, 1989.
Cross References. Chapter 21 is referred to in section 1103 of this title.
SUBCHAPTER A
PRELIMINARY PROVISIONS
Sec.
2101. Application and effect of chapter.
2102. Formation of nonstock corporations.
2103. Contents of articles and other documents of nonstock corporations.
2104. Election of an existing business corporation to become a nonstock corporation.
2105. Termination of nonstock corporation status.
§ 2101. Application and effect of chapter.
(a) General rule.--This chapter shall be applicable to:
(1) A business corporation that elects to become a nonstock corporation in the manner provided by this chapter.
(2) A domestic corporation for profit subject to Subpart D (relating to cooperative corporations) organized on a nonstock basis.
(3) A domestic insurance corporation that is a mutual insurance company.
(b) Application to business corporations generally.--The existence of a provision of this chapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a business corporation that is not a nonstock corporation. This chapter shall not affect any statute or rule of law that is or would be applicable to a business corporation that is not a nonstock corporation.
(c) Laws applicable to nonstock corporations.--Except as otherwise provided in this chapter, this subpart shall be generally applicable to all nonstock corporations. The specific provisions of this chapter shall control over the general provisions of this subpart. In the case of a nonstock corporation, references in this part to "shares," "shareholder," "share register," "share ledger," "transfer book for shares," "number of shares entitled to vote" or "class of shares" shall mean memberships, member, membership register, membership ledger, membership transfer book, number of votes entitled to be cast or class of members, respectively. Except as otherwise provided in this article, a nonstock corporation may be simultaneously subject to this chapter and one or more other chapters of this article.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
1990 Amendment. Act 198 amended subsec. (a).
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