Where heretofore or hereafter any act has been or may be done or any transfer or conveyance of any property has been or may be made to or by any corporation created or intended to be created under any statute supplied or repealed by this part, in good faith, after the approval of the articles or application for a charter or issuance of letters patent but without the actual recording of the original papers with the endorsements thereon, or a certified copy thereof, in the office of any recorder of deeds, as provided in such statutes then in force, the acts, transfers and conveyances shall nevertheless be deemed and taken to be valid and effectual for all purposes, regardless of the omission to record the original papers with the endorsements thereon, or a certified copy thereof, as heretofore required by such statutes. Every such corporation shall be deemed and taken to have been incorporated on the date of approval of its articles or application for a charter or on the date of issuance of its letters patent, whichever event shall have last occurred.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Section 501 - Reserved power of General Assembly
Section 502 - Application of chapter
Section 503 - Actions to revoke corporate franchises
Section 504 - Validation of certain defective corporations
Section 505 - Validation of certain defective corporate acts
Section 506 - Scope and duration of certain franchises
Section 507 - Validation of certain share authorizations
Section 511 - Application and effect of subchapter
Section 512 - Standard of care, justifiable reliance and business judgment rule
Section 513 - Personal liability of directors
Section 514 - Presumption of assent
Section 515 - Exercise of powers generally
Section 516 - Alternative standard
Section 517 - Limitation on standing
Section 518 - Nonexclusivity and supplementary coverage
Section 521 - Pensions and allowances
Section 522 - Indemnification of authorized representatives
Section 523 - Actions by shareholders or members to enforce a secondary right