Pennsylvania Statutes
§ 524 — Renunciation of business opportunities
Pennsylvania § 524
JurisdictionPennsylvania
Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
PartPART II
Ch. 5CORPORATIONS
Subch.PROVISIONS APPLICABLE TO PARTICULAR
This text of Pennsylvania § 524 (Renunciation of business opportunities) 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. § 524 (2026).
Text
The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members.
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Legislative History
(Nov. 3, 2022, P.L.1791, No.122, eff. 60 days) 2022 Amendment.Act 122 added section 524.
Nearby Sections
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Bluebook (online)
Pennsylvania § 524, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/524.