Pennsylvania § 9125 Duties of member

Pennsylvania Statutes

§ 9125 — Duties of member

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART IV·Ch. 91 UNINCORPORATED NONPROFIT ASSOCIATIONS

(a)No fiduciary duties generally.--A member does not have a fiduciary duty to a nonprofit association or to another member solely by being a member.

(b)Discharge of duties and exercise of rights.--A member shall, consistent with the governing principles and the contractual obligation of good faith and fair dealing:

(1)discharge duties under the governing principles to the nonprofit association and the other members; and

(2)exercise any rights under the governing principles and this chapter.

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(a) No fiduciary duties generally.--A member does not have a fiduciary duty to a nonprofit association or to another member solely by being a member.

(b) Discharge of duties and exercise of rights.--A member shall, consistent with the governing principles and the contractual obligation of good faith and fair dealing:

(1) discharge duties under the governing principles to the nonprofit association and the other members; and

(2) exercise any rights under the governing principles and this chapter.

Pennsylvania § 9125 (Duties of member) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.