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Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
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Title15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS |
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PARTII. CORPORATIONS |
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SUBPARTC. NONPROFIT CORPORATIONS |
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ARTICLEB. DOMESTIC NONPROFIT CORPORATIONS GENERALLY |
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CHAPTER59. AMENDMENTS, SALE OF ASSETS AND DISSOLUTION |
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SUBCHAPTERA. PRELIMINARY PROVISIONS |
§5905. Proposal of fundamental transactions.
Latest version.
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Where any provision of this chapter requires that an amendment of the articles or the dissolution of a nonprofit corporation be proposed or approved by action of the board of directors, that requirement shall be construed to authorize and be satisfied by the written agreement or consent of all of the members of the corporation entitled to vote thereon.
(Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015)