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§ 4203. Construction and validity of declaration and bylaws

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 68 Pa.C.S.A. Real and Personal Property

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 68 Pa.C.S.A. Real and Personal Property (Refs & Annos)
Part II. Real Property
Subpart C. Cooperatives (Refs & Annos)
Chapter 42. Creation, Alteration and Termination of Cooperatives
68 Pa.C.S.A. § 4203
§ 4203. Construction and validity of declaration and bylaws
Currentness
(a) Provisions severable.--All provisions of the declaration and bylaws are severable.
(b) Application of rule against perpetuities.--The rule against perpetuities may not be applied to defeat any provision of the declaration, bylaws or rules and regulations adopted pursuant to section 4302(a)(1) (relating to powers of association).
(c) Conflict between declaration and bylaws.--In the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails except to the extent the declaration is inconsistent with this subpart.
(d) Effect of noncompliance on title to unit.--Title to a cooperative interest is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration to comply with this subpart. Whether a substantial failure impairs marketability is not affected by this subpart.

Credits

1992, Dec. 18, P.L. 1426, No. 176, § 1, effective in 60 days.
68 Pa.C.S.A. § 4203, PA ST 68 Pa.C.S.A. § 4203
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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