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Validation of certain defective corporate acts - 15 Pa. Cons. Stat. § 505

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     § 505.  Validation of certain defective corporate acts.
        Where any corporation governed by this part or created or
     intended to be created or governed by any statute supplied or
     repealed by this part has, in good faith, extended its territory
     or term of existence, changed its name, merged, consolidated or
     otherwise altered or amended its charter or articles under any
     statute supplied or repealed by this part but without the actual
     recording of a document or documents evidencing the corporate
     action in the office of any recorder of deeds, as provided in
     such statutes then in force, and a record of the corporate
     action is on file in the office of the clerk of any court of
     this Commonwealth or in the Department of State, the corporate
     action shall nevertheless be deemed and taken to be valid for
     all purposes, regardless of the omission to record the document
     or documents as heretofore required by such statutes, and every
     such corporate action shall be deemed and taken to have been
     effected upon the filing of the corporate action in the office
     of the clerk of any court or in the department, or upon the
     approval of the action, if required, by a court, or by the
     Governor, Secretary of the Commonwealth or other officer
     performing corresponding functions with respect to corporate
     affairs, whichever event has last occurred.

        Cross References.  Section 505 is referred to in sections
     1104, 5104 of this title.

Last modified: November 27, 2007