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§ 317. Contractual dissenters rights in entity transactions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: July 1, 2015

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part I. Preliminary Provisions (Refs & Annos)
Chapter 3. Entity Transactions (Refs & Annos)
Subchapter A. Preliminary Provisions
Effective: July 1, 2015
15 Pa.C.S.A. § 317
§ 317. Contractual dissenters rights in entity transactions
Currentness
(a) General rule.--An interest holder of a domestic entity other than a nonprofit corporation or unincorporated nonprofit association shall be entitled to contractual dissenters rights in connection with a transaction under this chapter, even though the interest holder would not otherwise be entitled to dissenters rights under this title to the extent provided:
(1) in the entity's organic rules; or
(2) in the plan.
(b) Procedures for contractual dissenters rights.--If an interest holder is entitled to contractual dissenters rights pursuant to subsection (a), Subchapter D of Chapter 15 (relating to dissenters rights)1 applies to the extent practicable except as otherwise provided in the organic rules of the domestic entity or the plan.
(c) Cross references.--See sections 329 (relating to special treatment of interest holders) and 1571(c) (relating to application and effect of subchapter).

Credits

2014, Oct. 22, P.L. 2640, No. 172, § 9, effective July 1, 2015.

Footnotes

1
15 Pa.C.S.A. § 1571 et seq.
15 Pa.C.S.A. § 317, PA ST 15 Pa.C.S.A. § 317
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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