Pennsylvania § 1523 Pricing and issuance of shares

Pennsylvania Statutes

§ 1523 — Pricing and issuance of shares

Pennsylvania § 1523

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 15CORPORATE POWERS, DUTIES AND SAFEGUARDS

Subch.SHARES AND OTHER SECURITIES

This text of Pennsylvania § 1523 (Pricing and issuance of shares) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 Pa. Cons. Stat. § 1523 (2026).

Text

Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:

(1)the persons that shares will be issued to; and

(2)the number of shares, price or consideration and other terms on which shares will be issued.

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Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:

(1) the persons that shares will be issued to; and

(2) the number of shares, price or consideration and other terms on which shares will be issued.