Pennsylvania § 2102 Formation of nonstock corporations

Pennsylvania Statutes

§ 2102 — Formation of nonstock corporations

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 21 NONSTOCK CORPORATIONS·Subch. PRELIMINARY PROVISIONS

(a)General rule.--A nonstock corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain:

(1)A heading stating the name of the corporation and that it is a nonstock corporation.

(2)The provisions required by section 2103 (relating to contents of articles and other documents of nonstock corporations).

(b)Initial members.--Upon the filing of articles of a nonstock corporation, the subscribers to the minimum guaranteed capital of the corporation, if any, and the incorporators shall be the initial members of the corporation.

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(a) General rule.--A nonstock corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain:

(1) A heading stating the name of the corporation and that it is a nonstock corporation.

(2) The provisions required by section 2103 (relating to contents of articles and other documents of nonstock corporations).

(b) Initial members.--Upon the filing of articles of a nonstock corporation, the subscribers to the minimum guaranteed capital of the corporation, if any, and the incorporators shall be the initial members of the corporation.

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