Home/Pennsylvania/Statutes/Title 15: CORPORATIONS AND UNINCORPORATED ASSOCIATIONS/Part: PART II/Ch. 57: OFFICERS, DIRECTORS AND MEMBERS/Subch.: MEMBERS/§ 5768
Pennsylvania Statutes

§ 5768 — Reduction of membership below stated number

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 57 OFFICERS, DIRECTORS AND MEMBERS·Subch. MEMBERS
Whenever the membership of a nonprofit corporation having a stated number of members is reduced below that number by death, withdrawal or otherwise, the corporation shall not on that account be dissolved, but it shall be lawful for the surviving or continuing members to continue the corporate existence unless otherwise restricted in the bylaws.

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Legislative History

(July 9, 2013, P.L.476, No.67, eff. 60 days) 2013 Amendment.Act 67 renumbered and amended former section 5765 to section 5768.

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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