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§ 1504. Articles of amendment

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: December 24, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 15. Amendment of Articles (Refs & Annos)
Effective: December 24, 2012
7 P.S. § 1504
§ 1504. Articles of amendment
(a) Upon the adoption of an amendment, articles of amendment shall be signed by two duly authorized officers of the institution and shall contain:
(i) the name of the institution,
(ii) the location and post office address of its principal place of business,
(iii) the act of Assembly under which the institution was incorporated and the date of its incorporation.
(iv) the time and place of the meeting of shareholders or trustees at which the amendment was adopted and the kind and period of notice given to the shareholders or trustees,
(v) except in the case of a mutual savings bank, the number of shares entitled to vote on the amendment and if the shares of any class are entitled to vote as a class, the number of shares of each such class,
(vi) in the case of a mutual savings bank the number of trustees who voted for and against the amendment and, in any other case, the number of shares voted for or against the amendment and if shares of any class are entitled to vote as a class, the number of shares of each such class voted for and against the amendment, and
(vii) the amendment adopted which shall be set forth in full.
(b) The articles of amendment shall be delivered to the department together with:
(i) applicable fees payable to the department in connection with the articles and with the conduct of the investigation required by section 1506,1
(ii) as soon as available, proof of publication of the advertisement required by section 1505,2 and
(iii) if the amendment would change the name of the institution, evidence of reservation in the Department of State of the proposed new name.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 1504. Amended 1982, April 8, P.L. 262, No. 79, § 17, imd. effective; 2012, Oct. 24, P.L. 1336, No. 170, § 46, effective in 60 days [Dec. 24, 2012].

Footnotes

7 P.S. § 1506.
7 P.S. § 1505.
7 P.S. § 1504, PA ST 7 P.S. § 1504
Current through 2022 Regular Session Act 40. Some statute sections may be more current, see credits for details.
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