Pennsylvania § 7724 Conversion to a corporation governed by the Business Corporation Law

Pennsylvania Statutes

§ 7724 — Conversion to a corporation governed by the Business Corporation Law

Pennsylvania § 7724

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 77WORKERS' COOPERATIVE CORPORATIONS

This text of Pennsylvania § 7724 (Conversion to a corporation governed by the Business Corporation Law) 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. § 7724 (2026).

Text

(a)Amendment of articles.--A corporation may revoke its election to be governed by this chapter by filing an adopted amendment to its articles of incorporation with the department.

(b)Conversion of shares and accounts.--When a corporation revokes its election under subsection (a), the amendment to the articles of incorporation shall provide for the conversion of membership shares and internal capital accounts to securities or other property in a manner consistent with this title.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Amendment of articles.--A corporation may revoke its election to be governed by this chapter by filing an adopted amendment to its articles of incorporation with the department.

(b) Conversion of shares and accounts.--When a corporation revokes its election under subsection (a), the amendment to the articles of incorporation shall provide for the conversion of membership shares and internal capital accounts to securities or other property in a manner consistent with this title.