All determinations made by the board of directors of the registered corporation under this subchapter shall be presumed to be correct unless shown by clear and convincing evidence that the determination was not made by the directors in good faith after reasonable investigation or was clearly erroneous.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
1990 Amendment. Act 198 renumbered section 2567 to section 2568.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 25 - Registered Corporations
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 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 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 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 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 2568 - Board determinations
Section 2571 - Application and effect of subchapter
Section 2572 - Policy and purpose
Section 2574 - Controlling person or group safe harbor
Section 2575 - Ownership by corporation of profits resulting from certain transactions
Section 2576 - Enforcement actions
Section 2582 - Severance compensation
Section 2583 - Enforcement and remedies
Section 2585 - Application and effect of subchapter
Section 2587 - Labor contracts preserved in business combination transactions