(a) General rule.--A nonstock corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain:
(1) A heading stating the name of the corporation and that it is a nonstock corporation.
(2) The provisions required by section 2103 (relating to contents of articles and other documents of nonstock corporations).
(b) Initial members.--Upon the filing of articles of a nonstock corporation, the subscribers to the minimum guaranteed capital of the corporation, if any, and the incorporators shall be the initial members of the corporation.
Cross References. Section 2102 is referred to in sections 2105, 7105 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 21 - Nonstock Corporations
Section 2101 - Application and effect of chapter
Section 2102 - Formation of nonstock corporations
Section 2103 - Contents of articles and other documents of nonstock corporations
Section 2104 - Election of an existing business corporation to become a nonstock corporation
Section 2105 - Termination of nonstock corporation status
Section 2121 - Corporate name of nonstock corporations
Section 2122 - Classes of membership
Section 2123 - Evidence of membership; liability of members
Section 2124 - Voting rights of members
Section 2125 - Inapplicability of certain provisions to nonstock corporations