Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 57 - Officers, Directors and Members
Section 5718 - (Reserved)


(Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)

2022 Amendment. Act 122 added section 5718.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

Chapter 57 - Officers, Directors and Members

Extra - Chapter Notes

Section 5701 - Applicability of subchapter

Section 5702 - Manner of giving notice

Section 5702.1 - Optional procedures for giving of notice (Repealed)

Section 5703 - Place and notice of meetings of board of directors or other body

Section 5704 - Place and notice of meetings of members

Section 5705 - Waiver of notice

Section 5706 - Modification of proposal contained in notice

Section 5707 - Exception to requirement of notice

Section 5708 - Use of conference telephone or other electronic technology

Section 5709 - Conduct of members meeting

Section 5711 - Alternative provisions

Section 5712 - Standard of care, justifiable reliance and business judgment rule

Section 5713 - Personal liability of directors

Section 5714 - Presumption of assent

Section 5715 - Exercise of powers generally

Section 5716 - Alternative standard

Section 5717 - Limitation on standing

Section 5718 - (Reserved)

Section 5719 - Renunciation of corporate opportunities

Section 5721 - Board of directors

Section 5722 - Qualifications of directors

Section 5723 - Number of directors

Section 5724 - Term of office of directors

Section 5725 - Selection of directors

Section 5726 - Removal of directors

Section 5727 - Quorum of and action by directors

Section 5728 - Interested directors or officers; quorum

Section 5729 - Voting rights of directors

Section 5730 - Compensation of directors

Section 5731 - Executive and other committees of the board

Section 5732 - Officers

Section 5733 - Removal of officers and agents

Section 5733.1 - Officer's standard of care and justifiable reliance

Section 5733.2 - Personal liability of officers

Section 5734 - Other body

Section 5741 - Third-party actions

Section 5742 - Derivative and corporate actions

Section 5743 - Mandatory indemnification

Section 5744 - Procedure for effecting indemnification

Section 5745 - Advancing expenses

Section 5746 - Supplementary coverage

Section 5747 - Power to purchase insurance

Section 5748 - Application to surviving or new corporations

Section 5749 - Application to employee benefit plans

Section 5750 - Duration and extent of coverage

Section 5751 - Classes and qualifications of membership

Section 5752 - Organization on a stock share basis

Section 5753 - Membership certificates

Section 5754 - Members grouped in local units

Section 5755 - Time of holding meetings of members

Section 5756 - Quorum

Section 5757 - Action by members

Section 5758 - Voting rights of members

Section 5759 - Voting and other action by proxy

Section 5760 - (Reserved)

Section 5761 - (Reserved)

Section 5762 - Voting by corporations

Section 5763 - Determination of members of record

Section 5764 - (Reserved)

Section 5764.1 - Actions by members to enforce a secondary right (Repealed)

Section 5765 - Judges of election

Section 5766 - Consent of members in lieu of meeting

Section 5767 - Appointment of custodian of corporation on deadlock or other cause

Section 5768 - Reduction of membership below stated number

Section 5769 - Termination and transfer of membership

Section 5770 - Voting powers and other rights of certain securityholders and other entities

Section 5781 - Derivative action

Section 5782 - Eligible member plaintiffs and security for costs

Section 5783 - Special litigation committee

Section 5784 - Proceeds and expenses

Section 5791 - Corporate action subject to subchapter

Section 5792 - Proceedings prior to corporate action

Section 5793 - Review of contested corporate action