Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS |
PARTII. CORPORATIONS |
SUBPARTC. NONPROFIT CORPORATIONS |
ARTICLEB. DOMESTIC NONPROFIT CORPORATIONS GENERALLY |
CHAPTER57. OFFICERS, DIRECTORS AND MEMBERS |
SUBCHAPTERE. MEMBERS |
§5753. Membership certificates.
Latest version.
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A nonprofit corporation organized upon a nonstock basis shall not issue shares of stock, but membership in the corporation may be evidenced by certificates of membership. The fact that the corporation is a nonprofit corporation shall be noted conspicuously on the face of each certificate.
(July 9, 2013, P.L.476, No.67, eff. 60 days)