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·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 57 OFFICERS, DIRECTORS AND MEMBERS·Subch. MEMBERS
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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