Pennsylvania § 5770 Voting powers and other rights of certain securityholders and other entities

Pennsylvania Statutes

§ 5770 — Voting powers and other rights of certain securityholders and other entities

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

The power to vote in respect to the corporate affairs and management of a membership corporation and other membership rights as may be provided in a bylaw adopted by the members may be conferred upon:

(1)Registered holders of obligations issued or to be issued by the corporation.

(2)The United States of America, the Commonwealth, a state, or any political subdivision of any of the foregoing, or any entity prohibited by law from becoming a member of a corporation.

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The power to vote in respect to the corporate affairs and management of a membership corporation and other membership rights as may be provided in a bylaw adopted by the members may be conferred upon:

(1) Registered holders of obligations issued or to be issued by the corporation.

(2) The United States of America, the Commonwealth, a state, or any political subdivision of any of the foregoing, or any entity prohibited by law from becoming a member of a corporation.

Pennsylvania § 5770 (Voting powers and other rights of certain securityholders and other entities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989; July 9, 2013, P.L.476, No.67, eff. 60 days) 2013 Amendment.Act 67 renumbered and amended former section 5767 to section 5770. Cross References.Section 5770 is referred to in sections 5103, 5504 of this title.