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§ 330. Alternative means of approval of 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 B. Approval of Entity Transactions (Refs & Annos)
Effective: July 1, 2015
15 Pa.C.S.A. § 330
§ 330. Alternative means of approval of transactions
Currentness
(a) General rule.--Except as provided in subsection (b) or the organic rules of a domestic entity, approval of a transaction under this chapter by the unanimous vote or consent of its interest holders satisfies the requirements of this chapter for approval of the transaction.
(b) Exception.--Subsection (a) shall not apply to a nonprofit corporation.

Credits

2014, Oct. 22, P.L. 2640, No. 172, § 9, effective July 1, 2015.
15 Pa.C.S.A. § 330, PA ST 15 Pa.C.S.A. § 330
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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