Shares of a business corporation standing in the name of a trustee or other fiduciary and shares held by an assignee for the benefit of creditors or by a receiver may be voted by the trustee, fiduciary, assignee or receiver. A shareholder whose shares are pledged shall be entitled to vote the shares until the shares have been transferred into the name of the pledgee, or a nominee of the pledgee, but nothing in this section shall affect the validity of a proxy given to a pledgee or nominee.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 17 - Officers, Directors and Shareholders
Section 1701 - Applicability of subchapter
Section 1702 - Manner of giving notice
Section 1703 - Place and notice of meetings of board of directors
Section 1704 - Place and notice of meetings of shareholders
Section 1705 - Waiver of notice
Section 1706 - Modification of proposal contained in notice
Section 1707 - Exception to requirement of notice
Section 1708 - Use of conference telephone or other electronic technology
Section 1709 - Conduct of shareholders meeting
Section 1711 - Alternative provisions
Section 1712 - Standard of care, justifiable reliance and business judgment rule
Section 1713 - Personal liability of directors
Section 1714 - Presumption of assent
Section 1715 - Exercise of powers generally
Section 1716 - Alternative standard
Section 1717 - Limitation on standing
Section 1718 - Inconsistent articles ineffective
Section 1719 - Renunciation of business opportunities
Section 1721 - Board of directors
Section 1722 - Qualifications of directors
Section 1723 - Number of directors
Section 1724 - Term of office of directors
Section 1725 - Selection of directors
Section 1726 - Removal of directors
Section 1727 - Quorum of and action by directors
Section 1728 - Interested directors or officers; quorum
Section 1729 - Voting rights of directors
Section 1730 - Compensation of directors
Section 1731 - Executive and other committees of the board
Section 1733 - Removal of officers and agents
Section 1734 - Officer's standard of care and justifiable reliance
Section 1735 - Personal liability of officers
Section 1741 - Third-party actions
Section 1742 - Derivative and corporate actions
Section 1743 - Mandatory indemnification
Section 1744 - Procedure for effecting indemnification
Section 1745 - Advancing expenses
Section 1746 - Supplementary coverage
Section 1747 - Power to purchase insurance
Section 1748 - Application to surviving or new corporations
Section 1749 - Application to employee benefit plans
Section 1750 - Duration and extent of coverage
Section 1755 - Time of holding meetings of shareholders
Section 1757 - Action by shareholders
Section 1758 - Voting rights of shareholders
Section 1759 - Voting and other action by proxy
Section 1760 - Voting by fiduciaries and pledgees
Section 1761 - Voting by joint holders of shares
Section 1762 - Voting by corporations
Section 1763 - Determination of shareholders of record
Section 1765 - Judges of election
Section 1766 - Consent of shareholders in lieu of meeting
Section 1767 - Appointment of custodian of corporation on deadlock or other cause
Section 1768 - Voting trusts and other agreements among shareholders
Section 1769 - Minors as securityholders
Section 1770 - Interested shareholders (Repealed)
Section 1781 - Derivative action
Section 1782 - Eligible shareholder plaintiffs and security for costs
Section 1783 - Special litigation committee
Section 1784 - Proceeds and expenses
Section 1791 - Corporate action subject to subchapter