Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 23 - Statutory Close Corporations

Extra - Chapter Notes - Enactment. Chapter 23 was added December 21, 1988, P.L.1444, No.177,...

Section 2301 - Application and effect of chapter - (a) General rule.--This chapter shall be applicable to a business...

Section 2302 - Definition of minimum vote - (a) General rule.--As used in this chapter, the term "minimum...

Section 2303 - Formation of statutory close corporations - A statutory close corporation shall be formed in accordance with...

Section 2304 - Additional contents of articles of statutory close corporations - (a) General rule.--In addition to the provisions otherwise required by...

Section 2305 - Election of an existing business corporation to become a statutory close corporation - (a) General rule.--A business corporation may become a statutory close...

Section 2306 - Limitations on continuation of statutory close corporation status - A statutory close corporation continues to be such and to...

Section 2307 - Voluntary termination of statutory close corporation status by amendment of articles - (a) General rule.--A statutory close corporation may voluntarily terminate its...

Section 2308 - Issuance or transfer of shares of a statutory close corporation in breach of qualifying conditions - (a) Notice of qualifications.--If shares of a statutory close corporation...

Section 2309 - Involuntary termination of statutory close corporation status; proceeding to prevent loss of status - (a) General rule.--If any event occurs as a result of...

Section 2321 - Shares - (a) Uncertificated shares prohibited.--A statutory close corporation shall not issue...

Section 2322 - Share transfer restrictions - (a) General rule.--Unless otherwise provided in a bylaw adopted by...

Section 2323 - Transfer of shares in breach of transfer restrictions - Any attempted transfer of shares of a statutory close corporation...

Section 2324 - Corporation option where a restriction on transfer of a security is held invalid - If the bylaws contain provisions pursuant to section 2322(a) (relating...

Section 2325 - Sale option of estate of shareholder - (a) General rule.--Unless otherwise provided in a bylaw adopted by...

Section 2331 - Directors - (a) Agreements restricting discretion of directors.--A written agreement among the...

Section 2332 - Management by shareholders - (a) General rule.--A bylaw of a statutory close corporation adopted...

Section 2333 - Appointment of custodian for statutory close corporation - (a) General rule.--In addition to the provisions of section 1767...

Section 2334 - Appointment of provisional director in certain cases - (a) General rule.--Notwithstanding any contrary provision of the articles or...

Section 2335 - Operating corporation as partnership - A written agreement among shareholders of a statutory close corporation,...

Section 2336 - Fundamental changes - Except as permitted or required by this chapter, a statutory...

Section 2337 - Option of shareholder to dissolve corporation - (a) General rule.--A bylaw of a statutory close corporation adopted...