Pennsylvania § 2585 Application and effect of subchapter

Pennsylvania Statutes

§ 2585 — Application and effect of subchapter

Pennsylvania § 2585

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 25REGISTERED CORPORATIONS

Subch.BUSINESS COMBINATION TRANSACTIONS - LABOR CONTRACTS

This text of Pennsylvania § 2585 (Application and effect of subchapter) 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. § 2585 (2026).

Text

(a)General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person).

(b)Exceptions.--This subchapter shall not apply to:

(1)Any business combination transaction occurring more than five years after the control-share approval of the registered corporation.

(2)Any business operation located other than in this Commonwealth.

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

(a) General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person).

(b) Exceptions.--This subchapter shall not apply to:

(1) Any business combination transaction occurring more than five years after the control-share approval of the registered corporation.

(2) Any business operation located other than in this Commonwealth.