2015 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 15 - Corporate Powers, Duties and Safeguards
Section 1523 - Pricing and issuance of shares
§ 1523. Pricing and issuance of shares.
Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:
(1) the persons that shares will be issued to; and
(2) the number of shares, price or consideration and other terms on which shares will be issued.
(July 9, 2013, P.L.476, No.67, eff. 60 days)
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