Pennsylvania § 2539 Adoption of plan of merger by board of directors

Pennsylvania Statutes

§ 2539 — Adoption of plan of merger by board of directors

Pennsylvania § 2539

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 25REGISTERED CORPORATIONS

Subch.FUNDAMENTAL CHANGES GENERALLY

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Bluebook

15 Pa. Cons. Stat. § 2539 (2026).

Text

Section 321(d)(1)(ii) (relating to approval by business corporation) shall be applicable to a plan relating to a merger to which a registered corporation described in section 2502(1)(i) (relating to registered corporation status) is a party only if the plan:

(1)has been approved by the board of directors of the registered corporation; and

(2)is consistent with the requirements, if applicable, of Subchapter F (relating to business combinations).

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Section 321(d)(1)(ii) (relating to approval by business corporation) shall be applicable to a plan relating to a merger to which a registered corporation described in section 2502(1)(i) (relating to registered corporation status) is a party only if the plan:

(1) has been approved by the board of directors of the registered corporation; and

(2) is consistent with the requirements, if applicable, of Subchapter F (relating to business combinations).

Legislative History

(Dec. 18, 1992, P.L.1333, No.169, eff. 60 days; Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015) Cross References.Section 2539 is referred to in sections 313, 321 of this title.