Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 25 - Registered Corporations
Section 2502 - Registered corporation status


Subject to additional definitions contained in subsequent provisions of this chapter which are applicable to specific subchapters of this chapter, as used in this chapter, the term "registered corporation" shall mean:
(1) A domestic business corporation:
(i) that:
(A) has a class or series of shares entitled to vote generally in the election of directors of the corporation registered under the Exchange Act; or
(B) is registered as a management company under the Investment Company Act of 1940 and in the ordinary course of business does not redeem outstanding shares at the option of a shareholder at the net asset value or at another agreed method or amount of value thereof; or
(ii) that is:
(A) subject to the reporting obligations imposed by section 15(d) of the Exchange Act by reason of having filed a registration statement which has become effective under the Securities Act of 1933 relating to shares of a class or series of its equity securities entitled to vote generally in the election of directors; or
(B) registered as a management company under the Investment Company Act of 1940 and in the ordinary course of business redeems outstanding shares at the option of a shareholder at the net asset value or at another agreed method or amount of value thereof.
A corporation which satisfies both subparagraphs (i) and (ii) shall be deemed to be described solely in subparagraph (i) for the purposes of this chapter.
(2) A domestic business corporation all of the shares of which are owned, directly or indirectly, by one or more registered corporations or foreign corporations for profit described in section 4102(b) (relating to registered corporation exclusions).
(Apr. 27, 1990, P.L.129, No.36, eff. imd.; Dec. 19, 1990, P.L.834, No.198, eff. imd.)

Cross References. Section 2502 is referred to in sections 102, 224, 1525, 1529, 1711, 2501, 2503, 2504, 2511, 2512, 2513, 2521, 2525, 2526, 2527, 2539, 2541, 2551, 2561, 2571, 2581 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

Chapter 25 - Registered Corporations

Extra - Chapter Notes

Section 2501 - Application and effect of chapter

Section 2502 - Registered corporation status

Section 2503 - Acquisition of registered corporation status

Section 2504 - Termination of registered corporation status

Section 2511 - Financial reports to shareholders

Section 2512 - Dissenters rights procedure

Section 2513 - Disparate treatment of certain persons

Section 2521 - Call of special meetings of shareholders

Section 2522 - Adjournment or postponement of meeting of shareholders

Section 2523 - Quorum at shareholder meetings

Section 2524 - Consent of shareholders in lieu of meeting

Section 2525 - Appointment of custodian

Section 2526 - Voting rights of directors

Section 2527 - Authority of board of directors

Section 2528 - Notice of shareholder meetings

Section 2529 - Voting lists

Section 2530 - Qualifications of directors

Section 2535 - Proposal of amendment to articles

Section 2536 - Application by director for involuntary dissolution

Section 2537 - Dissenters rights in asset transfers

Section 2538 - Approval of transactions with interested shareholders

Section 2539 - Adoption of plan of merger by board of directors

Section 2541 - Application and effect of subchapter

Section 2542 - Definitions

Section 2543 - Controlling person or group

Section 2544 - Right of shareholders to receive payment for shares

Section 2545 - Notice to shareholders

Section 2546 - Shareholder demand for fair value

Section 2547 - Valuation procedures

Section 2548 - Coordination with control transaction

Section 2551 - Application and effect of subchapter

Section 2552 - Definitions

Section 2553 - Interested shareholder

Section 2554 - Business combination

Section 2555 - Requirements relating to certain business combinations

Section 2556 - Certain minimum conditions

Section 2561 - Application and effect of subchapter

Section 2562 - Definitions

Section 2563 - Acquiring person safe harbor

Section 2564 - Voting rights of shares acquired in a control-share acquisition

Section 2565 - Procedure for establishing voting rights of control shares

Section 2566 - Information statement of acquiring person

Section 2567 - Redemption

Section 2568 - Board determinations

Section 2571 - Application and effect of subchapter

Section 2572 - Policy and purpose

Section 2573 - Definitions

Section 2574 - Controlling person or group safe harbor

Section 2575 - Ownership by corporation of profits resulting from certain transactions

Section 2576 - Enforcement actions

Section 2581 - Definitions

Section 2582 - Severance compensation

Section 2583 - Enforcement and remedies

Section 2585 - Application and effect of subchapter

Section 2586 - Definitions

Section 2587 - Labor contracts preserved in business combination transactions

Section 2588 - Civil remedies