(a) General rule.--An interest holder of a domestic entity other than a nonprofit corporation or unincorporated nonprofit association shall be entitled to contractual dissenters rights in connection with a transaction under this chapter, even though the interest holder would not otherwise be entitled to dissenters rights under this title to the extent provided:
(1) in the entity's organic rules; or
(2) in the plan.
(b) Procedures for contractual dissenters rights.--If an interest holder is entitled to contractual dissenters rights pursuant to subsection (a), Subchapter D of Chapter 15 (relating to dissenters rights) applies to the extent practicable except as otherwise provided in the organic rules of the domestic entity or the plan.
(c) Cross references.--See sections 329 (relating to special treatment of interest holders) and 1571(c) (relating to application and effect of subchapter).
Cross References. Section 317 is referred to in sections 333, 336, 343, 346, 353, 356, 363, 367, 373, 1571 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 3 - Entity Transactions
Section 311 - Short title of chapter
Section 313 - Relationship of chapter to other provisions of law
Section 314 - Regulatory conditions and required notices and approvals
Section 315 - Nature of transactions
Section 316 - Contents of plan
Section 317 - Contractual dissenters rights in entity transactions
Section 318 - Excluded entities and transactions
Section 319 - Party to plan or transaction
Section 320 - Submission of matters to interest holders
Section 321 - Approval by business corporation
Section 322 - Approval by nonprofit corporation
Section 323 - Approval by general partnership
Section 324 - Approval by limited partnership
Section 325 - Approval by limited liability company
Section 326 - Approval by professional association
Section 327 - Approval by business trust
Section 328 - Approval by unincorporated nonprofit association
Section 329 - Special treatment of interest holders
Section 330 - Alternative means of approval of transactions
Section 331 - Merger authorized
Section 333 - Approval of merger
Section 334 - Amendment or abandonment of plan of merger
Section 335 - Statement of merger; effectiveness
Section 336 - Effect of merger
Section 341 - Interest exchange authorized
Section 342 - Plan of interest exchange
Section 343 - Approval of interest exchange
Section 344 - Amendment or abandonment of plan of interest exchange
Section 345 - Statement of interest exchange; effectiveness
Section 346 - Effect of interest exchange
Section 351 - Conversion authorized
Section 352 - Plan of conversion
Section 353 - Approval of conversion
Section 354 - Amendment or abandonment of plan of conversion
Section 355 - Statement of conversion; effectiveness
Section 356 - Effect of conversion
Section 361 - Division authorized
Section 362 - Plan of division
Section 363 - Approval of division
Section 364 - Division without interest holder approval
Section 365 - Amendment or abandonment of plan of division
Section 366 - Statement of division; effectiveness
Section 367 - Effect of division
Section 368 - Allocation of liabilities in division
Section 371 - Domestication authorized
Section 372 - Plan of domestication
Section 373 - Approval of domestication
Section 374 - Amendment or abandonment of plan of domestication
Section 375 - Statement of domestication; effectiveness
Section 376 - Effect of domestication
Section 381 - Grounds for administrative dissolution or cancellation