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

Pennsylvania Statutes

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

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 25 REGISTERED CORPORATIONS·Subch. FUNDAMENTAL CHANGES GENERALLY

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).

Free access — add to your briefcase to read the full text and ask questions with AI

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).

Pennsylvania § 2539 (Adoption of plan of merger by board of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.