Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 55 - Corporate Powers, Duties and Safeguards

Extra - Chapter Notes - Enactment. Chapter 55 was added as Chapter 75 November 15,...

Section 5501 - Corporate capacity - Except as provided in section 103 (relating to subordination of...

Section 5502 - General powers - (a) General rule.--Subject to the limitations and restrictions imposed by...

Section 5503 - Defense of ultra vires - (a) General rule.--A limitation upon the business, purposes or powers...

Section 5504 - Adoption, amendment and contents of bylaws - (a) General rule.--The members entitled to vote shall have the...

Section 5505 - Persons bound by bylaws - Except as otherwise provided by section 5713 (relating to personal...

Section 5506 - Form of execution of instruments - (a) General rule.--Any form of execution provided in the articles...

Section 5507 - Registered office - (a) General rule.--Every nonprofit corporation shall have and continuously maintain...

Section 5508 - Corporate records; inspection by members - (a) Required records.--Every nonprofit corporation shall keep minutes of the...

Section 5509 - Bylaws and other powers in emergency - (a) General rule.--Except as otherwise restricted in the bylaws, the...

Section 5510 - Certain specifically authorized debt terms - (a) Interest rates.--A nonprofit corporation shall not plead or set...

Section 5511 - Establishment of subordinate units - A nonprofit corporation may establish and terminate local branches, chapters,...

Section 5512 - Informational rights of a director - (a) General rule.--To the extent reasonably related to the performance...

Section 5513 - Forum selection provisions - (a) General rule.--The bylaws may require that an internal corporate...

Section 5541 - Capital contributions of members - (a) General rule.--A nonprofit corporation organized on a nonstock basis...

Section 5542 - Subventions - (a) General rule.--The bylaws of a nonprofit corporation may provide...

Section 5543 - Debt and security interests - (a) General rule.--Unless otherwise provided in the bylaws, a nonprofit...

Section 5543.1 - Usury not a defense (Repealed) - 2001 Repeal. Section 5543.1 was repealed June 22, 2001, P.L.418,...

Section 5544 - Dues and assessments - (a) General rule.--A nonprofit corporation may levy dues or assessments,...

Section 5545 - Income from corporate activities - A nonprofit corporation whose lawful activities involve among other things...

Section 5546 - Purchase, sale, mortgage and lease of real property - Except as otherwise provided in this subpart and unless otherwise...

Section 5546.1 - Insolvency or bankruptcy (Repealed) - 2001 Repeal. Section 5546.1 was repealed June 22, 2001, P.L.418,...

Section 5547 - Authority to take and hold trust property - (a) General rule.--Every nonprofit corporation incorporated for a charitable purpose...

Section 5548 - Investment of trust funds - (a) General rule.--Unless otherwise specifically directed in the trust instrument,...

Section 5548.1 - Nonjudicial settlement agreement - Notwithstanding section 5547(b) (relating to authority to take and hold...

Section 5549 - Transfer of trust or other assets to institutional trustee - (a) General rule.--Any nonprofit corporation holding or receiving assets under...

Section 5550 - Devises, bequests and gifts after certain fundamental changes - A devise, bequest or gift to be effective in the...

Section 5551 - Dividends prohibited; compensation and certain payments authorized - (a) General rule.--A nonprofit corporation shall not pay dividends or...

Section 5552 - (Reserved) - (July 9, 2013, P.L.476, No.67, eff. 60 days) 2013 Amendment....

Section 5553 - Liabilities of members - (a) General rule.--A member of a nonprofit corporation shall not...

Section 5554 - Annual report of directors or other body - (a) Contents.--The board of directors or other body of a...

Section 5585 - Establishment or use of common trust funds authorized - (a) General rule.--Every nonprofit corporation may establish and maintain one...

Section 5586 - Restrictions on investments - (a) Legal investments.--If the trust instrument limits or restricts the...

Section 5587 - Determination of interests - A nonprofit corporation shall invest the assets of a trust...

Section 5588 - Amortization of premiums on securities held - If a bond or other obligation for the payment of...

Section 5589 - Records; ownership of assets - The nonprofit corporation shall designate clearly upon its records the...