Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 25 - Registered Corporations
Section 2583 - Enforcement and remedies


(a) Notice.--Within 30 days of the control-share approval, the employer shall provide written notice to each eligible employee and to the collective bargaining representative, if any, of the rights of eligible employees under this subchapter.
(b) Remedies.--In the event any eligible employee is denied a lump-sum payment in violation of this subchapter or the employer fails to provide the notice required by subsection (a), the employee on his or her own behalf or on behalf of other employees similarly situated, or the collective bargaining representative, if any, on the behalf of the employee, may, in addition to all other remedies available at law or in equity, bring an action to remedy such violation. In any such action, the court may order such equitable or legal relief as it deems just and proper.
(c) Civil penalty.--In the case of violations of subsection (a), the court may order the employer to pay to each employee who was subject to a termination of employment and entitled to severance compensation under this subchapter a civil penalty not to exceed $75 per day for each business day that notice was not provided to such employee.
(d) Successor liability.--The rights under this subchapter of any individual who was an eligible employee at the time of the control-share approval shall vest at that time, and, in any action based on a violation of this subchapter, recovery may be secured against:
(1) a merged, consolidated or resulting domestic or foreign corporation or other successor employer; or
(2) the corporation after its status as a registered corporation has terminated;
notwithstanding any provision of law to the contrary.

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