A member of a nonprofit corporation shall not have any right to claim the right to valuation and payment of the fair value of his membership interest or shares because of any proposed plan or amendment authorized under any provision of this subpart, or to obtain, in the absence of fraud or fundamental unfairness, an injunction against the plan or amendment.
(Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989; July 9, 2013, P.L.476, No.67, eff. 60 days)
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 51 - General Provisions
Section 5102 - Application of subpart
Section 5104 - Other general provisions (Deleted by amendment)
Section 5105 - Restriction on equitable relief
Section 5106 - Uniform application of subpart
Section 5107 - Subordination of subpart to canon law
Section 5108 - Limitation on incorporation