(a) General rule.--In relation to a corporation existing on the effective date of this chapter, the provisions of this chapter do not impair or affect an act done; offense committed; right accruing or accrued; or liability, penalty, forfeiture or punishment incurred prior to the effective date of this chapter.
(b) Contracts.--This chapter does not impair or affect a contract entered into by a corporation prior to the effective date of this chapter.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 77 - Workers' Cooperative Corporations
Section 7701 - Short title of chapter
Section 7704 - Articles of incorporation
Section 7706 - Internal capital accounts and net worth
Section 7708 - Acceptance and termination of membership
Section 7709 - Power to buy, sell or trade
Section 7710 - Individual liability of members
Section 7711 - Corporate powers
Section 7712 - Investment of capital stock in other corporations
Section 7716 - Directors and officers
Section 7717 - Patronage distributions
Section 7719 - Unlawful dividends
Section 7720 - Amendments of articles
Section 7722 - Benefits bestowed on associations by compliance with this chapter
Section 7724 - Conversion to a corporation governed by the Business Corporation Law