Home/Pennsylvania/Statutes/Title 15: CORPORATIONS AND UNINCORPORATED ASSOCIATIONS/Part: PART II/Ch. 25: REGISTERED CORPORATIONS/Subch.: CONTROL-SHARE ACQUISITIONS/§ 2568
Pennsylvania Statutes

§ 2568 — Board determinations

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 25 REGISTERED CORPORATIONS·Subch. CONTROL-SHARE ACQUISITIONS
All determinations made by the board of directors of the registered corporation under this subchapter shall be presumed to be correct unless shown by clear and convincing evidence that the determination was not made by the directors in good faith after reasonable investigation or was clearly erroneous.

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Legislative History

(Dec. 19, 1990, P.L.834, No.198, eff. imd.) 1990 Amendment.Act 198 renumbered section 2567 to section 2568.

Nearby Sections

15
§ 2501
Application and effect of chapter
§ 2502
Registered corporation status
§ 2503
Acquisition of registered corporation status
§ 2504
Termination of registered corporation status
§ 2511
Financial reports to shareholders
§ 2512
Dissenters rights procedure
§ 2513
Disparate treatment of certain persons
§ 2521
Call of special meetings of shareholders
§ 2522
Adjournment or postponement of meeting of shareholders
§ 2523
Quorum at shareholder meetings
§ 2524
Consent of shareholders in lieu of meeting
§ 2525
Appointment of custodian
§ 2526
Voting rights of directors
§ 2527
Authority of board of directors
§ 2528
Notice of shareholder meetings
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