|
|
Court OpinionsState LawsUS CodeUS Constitution |
Custody and management of orphan corporate and business records - 15 Pa. Cons. Stat. § 140Legal Research Home > Pennsylvania Statutes
§ 140. Custody and management of orphan corporate and business
records.
(a) General rule.--Any orphan corporate and business record
under the custody or control of a county, including the City and
County of Philadelphia, may become a Commonwealth record in the
manner provided in this section. The Department of State, with
the concurrence of the county records committee existing under
the act of August 14, 1963 (P.L.839, No.407), may provide for
the transfer on a progressive and phased basis to the custody
and management of the department of any or all orphan corporate
and business records. To the extent feasible, such records shall
be integrated with records of the department relating to the
same type of matters or transactions.
(b) Procedure.--The transfer contemplated by subsection (a)
shall be effected on a basis consistent with the availability of
appropriations. It is the intention of this section to encourage
the department to schedule work under this section on a seasonal
or otherwise intermittent basis in order to facilitate the
smoothing of the workload of the department. The department may
classify orphan corporate and business records for purposes of
priority of transfer by county of origin, type of matter or
transaction, vintage of matter or transaction, or on any other
basis or combination of bases which the department may deem to
be appropriate. The department shall publish and update in the
Pennsylvania Code a schedule, by county and type of matter or
transaction, setting forth where, as between a county and the
department, custody of all orphan corporate and business records
then resides.
(c) Fictitious name records.--The following statutes
provided for duplicate filing of fictitious name registrations
in both the department and in the office of the clerk of the
court of common pleas or an equivalent row office in a home rule
charter county:
(1) Act of June 28, 1917 (P.L.645, No.227), relating to
individual fictitious names.
(2) Act of May 24, 1945 (P.L.967, No.380), referred to
as the Fictitious Names Act.
(3) Act of July 11, 1957 (P.L.783, No.374), known as the
Fictitious Corporate Name Act.
The county records committee may provide for the destruction of
such duplicate records without transfer to the custody of the
department.
(d) Definition.--As used in this section, the term "orphan
corporate and business records" means corporate and limited
partnership filings and recordings which were formerly effected
in the office of the clerk of the court of common pleas or the
office for the recording of deeds or an equivalent row office in
a home rule charter county and which are no longer effected in
such offices by reason of the enactment of:
(1) The act of December 19, 1990 (P.L.834, No.198),
known as the GAA Amendments Act of 1990, with respect to
insurance corporations, including corporations incorporated
under or subject to the act of May 17, 1921 (P.L.682,
No.284), known as The Insurance Company Law of 1921, or
incorporated under the acts of: April 28, 1903 (P.L.329,
No.259); April 20, 1927 (P.L.317, No.190); June 24, 1939
(P.L.686, No.320); June 20, 1947 (P.L.687, No.298); June 28,
1951 (P.L.941, No.184); or July 15, 1957 (P.L.929, No.401);
or any similar act relating to the incorporation or
reincorporation of limited life insurance companies.
(2) The act of December 21, 1988 (P.L.1444, No.177),
known as the General Association Act of 1988, with respect to
certain:
(i) cooperative corporations incorporated under or
subject to the act of June 7, 1887 (P.L.365, No.252),
referred to as the Cooperative Association Act; and
(ii) public utility corporations, including
corporations incorporated under or subject to the act of
April 4, 1868 (P.L.62, No.29), referred to as the General
Railroad Law; the act of April 29, 1874 (P.L.73, No.32),
known as the Corporation Act of 1874; or the act of May
29, 1885 (P.L.29, No.32), referred to as the Natural Gas
Company Act of 1885.
(3) The act of December 19, 1975 (P.L.524, No.155), with
respect to certain limited partnerships, including limited
partnerships formed under the act of April 12, 1917 (P.L.55,
No.37), known as The Uniform Limited Partnership Act, or the
act of March 21, 1836 (P.L.143, No.51), referred to as the
Limited Partnerships Act of 1836.
(4) The act of November 15, 1972 (P.L.1063, No.271),
with respect to nonprofit corporations incorporated under or
subject to the act of May 5, 1933 (P.L.289, No.105), known as
the Nonprofit Corporation Law of 1933, including corporations
of the first class incorporated under or subject to the
Corporation Act of 1874.
(5) Any similar act providing for the central filing in
the department of a document of a type previously filed or
recorded solely on a county or other decentralized basis.
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
1990 Amendment. Act 198 added section 140.
Cross References. Section 140 is referred to in sections
1104, 1311, 5104, 5311, 8519 of this title.
Section: Previous 133 134 135 136 137 138 139 140 151 152 153 154 155 161 162 Next
Last modified: November 27, 2007 |