In lieu of required statements relating to shares or share structure, a nonstock corporation shall set forth in any document permitted or required to be filed under this subpart the fact that the corporation is organized on a nonstock basis. A nonstock corporation may, but need not, have a minimum guaranteed capital which shall be furnished by the subscribers thereto in such proportions as they may agree.
Cross References. Section 2103 is referred to in sections 2102, 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