Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 55 - Corporate Powers, Duties and Safeguards
Section 5505 - Persons bound by bylaws


Except as otherwise provided by section 5713 (relating to personal liability of directors) or any similar provision of law, the bylaws of a nonprofit corporation are binding on the members, directors, members of an other body and officers of the corporation with respect to its internal affairs whether or not a member, director, member of an other body or officer has actual knowledge of the provisions of the bylaws, but a bylaw shall not affect contracts or other dealings with other persons, unless those persons have actual knowledge of the bylaw.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.; June 22, 2001, P.L.418, No.34, eff. 60 days; Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

Chapter 55 - Corporate Powers, Duties and Safeguards

Extra - Chapter Notes

Section 5501 - Corporate capacity

Section 5502 - General powers

Section 5503 - Defense of ultra vires

Section 5504 - Adoption, amendment and contents of bylaws

Section 5505 - Persons bound by bylaws

Section 5506 - Form of execution of instruments

Section 5507 - Registered office

Section 5508 - Corporate records; inspection by members

Section 5509 - Bylaws and other powers in emergency

Section 5510 - Certain specifically authorized debt terms

Section 5511 - Establishment of subordinate units

Section 5512 - Informational rights of a director

Section 5513 - Forum selection provisions

Section 5541 - Capital contributions of members

Section 5542 - Subventions

Section 5543 - Debt and security interests

Section 5543.1 - Usury not a defense (Repealed)

Section 5544 - Dues and assessments

Section 5545 - Income from corporate activities

Section 5546 - Purchase, sale, mortgage and lease of real property

Section 5546.1 - Insolvency or bankruptcy (Repealed)

Section 5547 - Authority to take and hold trust property

Section 5548 - Investment of trust funds

Section 5548.1 - Nonjudicial settlement agreement

Section 5549 - Transfer of trust or other assets to institutional trustee

Section 5550 - Devises, bequests and gifts after certain fundamental changes

Section 5551 - Dividends prohibited; compensation and certain payments authorized

Section 5552 - (Reserved)

Section 5553 - Liabilities of members

Section 5554 - Annual report of directors or other body

Section 5585 - Establishment or use of common trust funds authorized

Section 5586 - Restrictions on investments

Section 5587 - Determination of interests

Section 5588 - Amortization of premiums on securities held

Section 5589 - Records; ownership of assets