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§ 1305. Articles of dissolution

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 17 Pa.C.S.A. Credit UnionsEffective: February 7, 2003

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 17 Pa.C.S.A. Credit Unions (Refs & Annos)
Chapter 13. Dissolution
Effective: February 7, 2003
17 Pa.C.S.A. § 1305
§ 1305. Articles of dissolution
(a) General rule.--When, in the opinion of the department, the liquidation of a credit union is complete and its affairs are fully settled, the department shall execute and file in the Department of State articles of dissolution, which shall set forth:
(1) The name of the credit union.
(2) The statute under which the credit union was incorporated and the date of incorporation.
(3) A statement that the liquidation of the credit union is complete and its affairs are fully settled.
(b) Filing procedures.--A certificate or statement provided for by 15 Pa.C.S. § 139 (relating to tax clearance of certain fundamental transactions) shall not be required and the Department of State shall not charge a fee in connection with the filing of articles of dissolution under this section. See 15 Pa.C.S. § 134 (relating to docketing statement).
(c) Effect.--Upon the filing of the articles of dissolution in the Department of State, the existence of the credit union shall cease.

Credits

1990, Dec. 19, P.L. 834, No. 198, § 302, effective in two months. Amended 2002, Dec. 9, P.L. 1572, No. 207, § 11, effective in 60 days.
17 Pa.C.S.A. § 1305, PA ST 17 Pa.C.S.A. § 1305
Current through 2022 Regular Session Act 96. Some statute sections may be more current, see credits for details.
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