Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 23 - Statutory Close Corporations
Section 2305 - Election of an existing business corporation to become a statutory close corporation

(a) General rule.--A business corporation may become a statutory close corporation under this chapter by amending its articles so that they shall contain, in addition to the requirements of section 1911(b) (relating to exceptions):
(1) A heading stating the name of the corporation and that it is a statutory close corporation.
(2) A statement that it elects to become a statutory close corporation.
(3) The provision required by section 2304(a) (relating to additional contents of articles of statutory close corporations).
(b) Procedure.--The amendment shall not be effective unless it is adopted by the affirmative vote of all shareholders of the corporation whether or not otherwise entitled to vote thereon.

Structure Pennsylvania Consolidated & Unconsolidated Statutes