2014 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 59 - Amendments, Sale of Assets and Dissolution
Section 5905 - Proposal of fundamental transactions

15 PA Cons Stat § 5905 (2014) What's This?

§ 5905. Proposal of fundamental transactions.

Where any provision of this chapter requires that an amendment of the articles or the dissolution of a nonprofit corporation be proposed or approved by action of the board of directors, that requirement shall be construed to authorize and be satisfied by the written agreement or consent of all of the members of the corporation entitled to vote thereon.

15c5905v

(Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015)

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