§ 524. Renunciation of business opportunities
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: January 3, 2023
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part II. Corporations (Refs & Annos)
Subpart A. Corporations Generally
Chapter 5. Corporations
Subchapter C. Provisions Applicable to Particular Types of Corporations
Effective: January 3, 2023
15 Pa.C.S.A. § 524
§ 524. Renunciation of business opportunities
The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members.
Credits
2022, Nov. 3, P.L. 1791, No. 122, § 27, effective in 60 days [Jan. 3, 2023].
15 Pa.C.S.A. § 524, PA ST 15 Pa.C.S.A. § 524
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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