Pennsylvania § 2307 Voluntary termination of statutory close corporation status by amendment of articles

Pennsylvania Statutes

§ 2307 — Voluntary termination of statutory close corporation status by amendment of articles

Pennsylvania § 2307

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 23STATUTORY CLOSE CORPORATIONS

Subch.PRELIMINARY PROVISIONS

This text of Pennsylvania § 2307 (Voluntary termination of statutory close corporation status by amendment of articles) 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. § 2307 (2026).

Text

(a)General rule.--A statutory close corporation may voluntarily terminate its status as such and cease to be subject to this chapter by amending its articles to delete therefrom the additional provision required by section 2303(1) (relating to formation of statutory close corporations) to be stated in the articles of a statutory close corporation.

(b)Procedure.--The amendment shall not be effective unless it is adopted by at least the minimum vote.

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(a) General rule.--A statutory close corporation may voluntarily terminate its status as such and cease to be subject to this chapter by amending its articles to delete therefrom the additional provision required by section 2303(1) (relating to formation of statutory close corporations) to be stated in the articles of a statutory close corporation.

(b) Procedure.--The amendment shall not be effective unless it is adopted by at least the minimum vote.