Home/Pennsylvania/Statutes/Title 15: CORPORATIONS AND UNINCORPORATED ASSOCIATIONS/Part: PART II/Ch. 57: OFFICERS, DIRECTORS AND MEMBERS/Subch.: MEMBERS/§ 5753
Pennsylvania Statutes

§ 5753 — Membership certificates

Pennsylvania § 5753
JurisdictionPennsylvania
Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
PartPART II
Ch. 57OFFICERS, DIRECTORS AND MEMBERS
Subch.MEMBERS

This text of Pennsylvania § 5753 (Membership certificates) 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. § 5753 (2026).

Text

A nonprofit corporation organized upon a nonstock basis shall not issue shares of stock, but membership in the corporation may be evidenced by certificates of membership. The fact that the corporation is a nonprofit corporation shall be noted conspicuously on the face of each certificate.

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Legislative History

(July 9, 2013, P.L.476, No.67, eff. 60 days)

Nearby Sections

15
§ 5701
Applicability of subchapter
§ 5702
Manner of giving notice
§ 5703
Place and notice of meetings of board of directors or other body
§ 5704
Place and notice of meetings of members
§ 5705
Waiver of notice
§ 5706
Modification of proposal contained in notice
§ 5707
Exception to requirement of notice
§ 5708
Use of conference telephone or other electronic technology
§ 5709
Conduct of members meeting
§ 5711
Alternative provisions
§ 5712
Standard of care, justifiable reliance and business judgment rule
§ 5713
Personal liability of directors
§ 5714
Presumption of assent
§ 5715
Exercise of powers generally
§ 5716
Alternative standard
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Bluebook (online)
Pennsylvania § 5753, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/15/5753.