(a) General rule.--A business corporation, in the manner provided in this subchapter, may from time to time amend its articles for one or more of the following purposes:
(1) To adopt a new name, subject to the restrictions provided in this title.
(2) To modify any provision of the articles relating to its term of existence.
(3) To change, add to or diminish its purposes or to set forth different or additional purposes.
(4) To cancel or otherwise affect the right of holders of the shares of any class or series to receive dividends that have accrued but have not been declared or to otherwise effect a reclassification of or otherwise affect the substantial rights of the holders of any shares, including, without limitation, by providing special treatment of shares held by any shareholder or group of shareholders consistent with section 1906 (relating to special treatment of holders of shares of same class or series).
(5) To restate the articles in their entirety.
(6) In any and as many other respects as desired.
(b) Exceptions.--An amendment adopted under this section shall not amend articles in such a way that as so amended they would not be authorized by this subpart as original articles of incorporation except that:
(1) Restated articles shall, subject to section 109 (relating to name of commercial registered office provider in lieu of registered address), state the address of the current instead of the initial registered office of the corporation in this Commonwealth and need not state the names and addresses of the incorporators.
(2) The corporation shall not be required to revise any other provision of its articles if the provision is valid and operative immediately prior to the delivery of the amendment to the Department of State for filing.
(c) Amendments pursuant to other provisions.--Amendments to the articles authorized pursuant to Chapter 2 (relating to entities generally) or 3 (relating to entity transactions) or set forth in statements or certificates permitted or required to be delivered to the department for filing by section 108 (relating to change in location or status of registered office provided by agent) or 138 (relating to statement of correction) or by this subpart need not be proposed or adopted in the manner provided in this subchapter, except to the extent that the provisions of this subchapter have been incorporated into Chapter 2 or 3 or into the provisions authorizing such statements or certificates.
(d) Cross references.--See sections 224(f) (relating to action on ratification), 321 (relating to approval by business corporation), 1103 (relating to definitions), 1507 (relating to registered office) and 1522(c) (relating to issuance of shares in classes or series; board action).
(Dec. 19, 1990, P.L.834, No.198, eff. imd.; July 9, 2013, P.L.476, No.67, eff. 60 days; Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
2022 Amendment. Act 122 amended subsecs. (a)(1) and (b)(2) and relettered former subsec. (c) to subsec. (d) and amended and added present subsec. (c).
2013 Amendment. Act 67 amended subsec. (a)(4).
1990 Amendment. Act 198 amended subsec. (a) and added subsec. (c).
Cross References. Section 1911 is referred to in section 2305 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 19 - Fundamental Changes
Section 1901 - Omission of certain provisions from filed plans (Deleted by amendment)
Section 1902 - Statement of termination
Section 1903 - Bankruptcy or insolvency proceedings
Section 1904 - De facto transaction doctrine abolished
Section 1905 - Proposal of fundamental transactions
Section 1906 - Special treatment of holders of shares of same class or series
Section 1907 - Purpose of fundamental transactions
Section 1908 - Submission of matters to shareholders
Section 1911 - Amendment of articles authorized
Section 1912 - Proposal of amendments
Section 1913 - Notice of meeting of shareholders
Section 1914 - Adoption of amendments
Section 1915 - Articles of amendment
Section 1916 - Filing and effectiveness of articles of amendment
Section 1921 - Merger and consolidation authorized (Repealed)
Section 1922 - Plan of merger or consolidation (Repealed)
Section 1923 - Notice of meeting of shareholders (Repealed)
Section 1924 - Adoption of plan (Repealed)
Section 1925 - Authorization by foreign corporations (Repealed)
Section 1926 - Articles of merger or consolidation (Repealed)
Section 1927 - Filing of articles of merger or consolidation (Repealed)
Section 1928 - Effective date of merger or consolidation (Repealed)
Section 1929 - Effect of merger or consolidation (Repealed)
Section 1930 - Dissenters rights (Repealed)
Section 1931 - Share exchanges (Repealed)
Section 1932 - Voluntary transfer of corporate assets
Section 1971 - Voluntary dissolution by shareholders or incorporators
Section 1972 - Proposal of voluntary dissolution
Section 1973 - Notice of meeting of shareholders
Section 1974 - Adoption of proposal
Section 1975 - Predissolution provision for liabilities
Section 1976 - Judicial supervision of proceedings
Section 1977 - Articles of dissolution
Section 1978 - Winding up of corporation after dissolution
Section 1979 - Survival of remedies and rights after dissolution
Section 1980 - Dissolution by domestication (Repealed)
Section 1981 - Proceedings upon application of shareholder or director
Section 1982 - Proceedings upon application of creditor
Section 1984 - Appointment of receiver pendente lite and other interim powers
Section 1985 - Liquidating receiver
Section 1986 - Qualifications of receivers
Section 1987 - Proof of claims
Section 1988 - Discontinuance of proceedings; reorganization
Section 1989 - Articles of involuntary dissolution
Section 1991.1 - Authority of board of directors
Section 1992 - Notice to claimants
Section 1993 - Acceptance or rejection of matured claims
Section 1994 - Disposition of unmatured claims
Section 1995 - Court proceedings
Section 1996 - No revival or waiver