(a) General rule.--This chapter shall apply to domestic corporations incorporated under this chapter.
(b) Existing corporations.--This chapter shall apply to existing domestic corporations incorporated under or subject to any prior law of the Commonwealth concerning incorporation and regulation of corporations, whether cooperative or noncooperative, by the filing with the department of a certificate executed under the seal of the corporation, signed by two authorized officers of the corporation and setting forth:
(1) The name of the corporation.
(2) The statute by or under which it was created or formed.
(3) A statement that the members or stockholders of the corporation have elected, by a majority vote of the members or stockholders present at a meeting called for such purpose at which a quorum is present, to accept the provisions of this chapter for the government and regulation of the affairs of the corporation.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
1990 Amendment. Act 198 amended subsec. (a), retroactive to June 19, 1989.
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