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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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SUBCHAPTERG. INVOLUNTARY LIQUIDATION AND DISSOLUTION |
§5986. Qualifications of receivers.
Latest version.
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A receiver shall in all cases be a natural person of full age or a corporation authorized to act as receiver, which corporation, if so authorized, may be a domestic corporation for profit or not-for-profit or a foreign corporation for profit or not-for-profit authorized to do business in this Commonwealth, and shall give such bond, if any, as the court may direct, with such sureties, if any, as the court may require.
(July 9, 2013, P.L.476, No.67, eff. 60 days)