|
|
|
State Law
Federal Law
|
Notation of dissent - 15 Pa. Cons. Stat. § 514Legal Research Home > Pennsylvania Statutes
§ 514. Notation of dissent.
A director of a domestic corporation who is present at a
meeting of its board of directors, or of a committee of the
board, at which action on any corporate matter is taken on which
the director is generally competent to act, shall be presumed to
have assented to the action taken unless his dissent is entered
in the minutes of the meeting or unless he files his written
dissent to the action with the secretary of the meeting before
the adjournment thereof or transmits the dissent in writing to
the secretary of the corporation immediately after the
adjournment of the meeting. The right to dissent shall not apply
to a director who voted in favor of the action. Nothing in this
subchapter shall bar a director from asserting that minutes of
the meeting incorrectly omitted his dissent if, promptly upon
receipt of a copy of such minutes, he notifies the secretary in
writing of the asserted omission or inaccuracy.
Section: Previous 504 505 506 507 511 512 513 514 515 516 517 518 521 522 523 Next
Last modified: November 27, 2007 |