|
|
Court OpinionsState LawsUS CodeUS Constitution |
Domestication of certain alien associations - 15 Pa. Cons. Stat. § 161Legal Research Home > Pennsylvania Statutes
SUBCHAPTER D
DEFINITIVE AND CONTINGENT DOMESTICATION OF
ALIEN ASSOCIATIONS
Sec.
161. Domestication of certain alien associations.
162. Contingent domestication of certain alien associations.
Enactment. Subchapter D was added as Subchapter C December
21, 1988, P.L.1444, No.177, effective October 1, 1989, and was
relettered to Subchapter D December 19, 1990, P.L.834, No.198,
effective immediately.
Subchapter Heading. The heading of Subchapter D was amended
December 19, 1990, P.L.834, No.198, effective immediately.
§ 161. Domestication of certain alien associations.
(a) General rule.--Except as restricted by subsection (e),
any association as defined in subsection (f) may become a
domestic association by filing in the Department of State a
statement of domestication.
(b) Statement of domestication.--The statement of
domestication shall be executed by the association and shall set
forth in the English language:
(1) The name of the association. If the name is in a
foreign language, it shall be set forth in Roman letters or
characters or Arabic or Roman numerals. If the name is one
that is rendered unavailable for use by a corporation by any
provision of section 1303(b) or (c) (relating to corporate
name), the association shall adopt a new name, in accordance
with any procedures for changing the name of the association
that are applicable prior to the domestication of the
association, and shall set forth the new name in the
statement.
(2) The name of the jurisdiction under the laws of which
and the date on which it was first formed, incorporated or
otherwise came into being.
(3) The name of the jurisdiction that constituted the
seat, siege social or principal place of business or control
administration of the association, or any equivalent under
applicable law, immediately prior to the filing of the
statement.
(4) A statement of the type of domestic association that
the association will be upon domestication.
(5) A statement that the filing of the statement of
domestication and, if desired, the renunciation of the prior
domicile has been authorized (unless its charter or other
organic documents require a greater vote) by a majority in
interest of the shareholders, members or other proprietors of
the association.
(6) If the association will be a type of domestic
association that is created by a filing in the department,
such other provisions as are required to be included in an
initial filing to create that type of domestic association,
except that it shall not be necessary to set forth the name
of the person organizing the association.
(7) Any other provision that the association may choose
to insert unless this title prohibits the inclusion of such a
provision in a filing that creates the type of domestic
association that the association will be upon domestication.
(c) Execution.--The statement shall be signed on behalf of
the association by any authorized person.
(d) Effect of domestication.--Upon the filing of the
statement of domestication, the association shall be
domesticated in this Commonwealth and the association shall
thereafter be subject to any applicable provisions of this title
and any other provisions of law applicable to associations
existing under the laws of this Commonwealth. If the association
will be a type of domestic association that is created by a
filing in the department, the statement of domestication shall
constitute that filing. The domestication of any association in
this Commonwealth pursuant to this section shall not be deemed
to affect any obligations or liabilities of the association
incurred prior to its domestication.
(e) Exclusion.--An association that can be domesticated
under any of the following sections shall not be domesticated
under this section:
Section 4161 (relating to domestication).
Section 6161 (relating to domestication).
Section 8590 (relating to domestication).
Section 8982 (relating to domestication).
Section 9501(a)(1)(ii) (relating to application and
effect of chapter).
(f) Definition.--As used in this section, the term
"association," except as restricted by subsection (e), includes
any alien incorporated organization, private law corporation
(whether or not organized for business purposes), public law
corporation, partnership, proprietorship, joint venture,
foundation, trust, association or similar organization or entity
existing under the laws of any jurisdiction other than this
Commonwealth.
(g) Cross references.--See sections 134 (relating to
docketing statement) and 135 (relating to requirements to be met
by filed documents).
(Dec. 19, 1990, P.L.834, No.198, eff. imd.; June 22, 2001,
P.L.418, No.34, eff. 60 days)
2001 Amendment. Act 34 amended subsecs. (b), (d), (e), (f)
and (g) and carried without amendment subsec. (c).
1990 Amendment. Act 198 renumbered section 151 to section
161 and amended the section heading and subsecs. (e) and (f).
Cross References. Section 161 is referred to in section 162
of this title.
Section: Previous 139 140 151 152 153 154 155 161 162 501 502 503 504 505 506 Next
Last modified: November 27, 2007 |