Pennsylvania Statutes
§ 330 — Alternative means of approval of transactions
Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART I·Ch. 3 ENTITY TRANSACTIONS·Subch. APPROVAL OF ENTITY TRANSACTIONS
(a)General rule.--Except as provided in subsection (b) or the organic rules of a domestic entity, approval of a transaction under this chapter by the unanimous vote or consent of its interest holders satisfies the requirements of this chapter for approval of the transaction.
(b)Exception.--Subsection (a) shall not apply to a nonprofit corporation.
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Legislative History
Cross References.Section 330 is referred to in sections 321, 325 of this title.
Nearby Sections
15
§ 3302
Definitions§ 331
Merger authorized§ 3311
Corporate purposes§ 332
Plan of merger§ 3322
Benefit director§ 3324
Benefit officer§ 3325
Right of action§ 333
Approval of merger