(a) No fiduciary duties generally.--A member does not have a fiduciary duty to a nonprofit association or to another member solely by being a member.
(b) Discharge of duties and exercise of rights.--A member shall, consistent with the governing principles and the contractual obligation of good faith and fair dealing:
(1) discharge duties under the governing principles to the nonprofit association and the other members; and
(2) exercise any rights under the governing principles and this chapter.
(July 9, 2013, P.L.476, No.67, eff. 60 days)
2013 Amendment. Act 67 added section 9125.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 91 - Unincorporated Nonprofit Associations
Section 9101 - Customary parliamentary law applicable (Repealed)
Section 9102 - Funeral and similar benefits (Repealed)
Section 9103 - Nontransferable membership interests (Repealed)
Section 9111 - Short title and application of chapter
Section 9115 - Ownership and transfer of property
Section 9116 - Statement of authority as to real property
Section 9118 - Assertion and defense of claims
Section 9119 - Effect of judgment or order
Section 9120 - Appointment of agent to receive service of process
Section 9121 - Action or proceeding not abated by change of members or managers
Section 9122 - Member not agent
Section 9123 - Approval by members
Section 9124 - Action by members
Section 9125 - Duties of member
Section 9127 - Member's interest not transferable
Section 9128 - Selection and management rights of managers
Section 9129 - Duties of managers
Section 9130 - Action by managers
Section 9131 - Right of member or manager to information
Section 9132 - Distributions prohibited; compensation and other permitted payments
Section 9133 - Reimbursement, indemnification and advancement of expenses