Court Opinions

State Laws

US Code

US Constitution

Articles of dissolution - 17 Pa. Cons. Stat. § 1305

Legal Research Home > Pennsylvania Statutes

     § 1305.  Articles of dissolution.
        (a)  General rule.--When, in the opinion of the department,
     the liquidation of a credit union is complete and its affairs
     are fully settled, the department shall execute and file in the
     Department of State articles of dissolution, which shall set
     forth:
            (1)  The name of the credit union.
            (2)  The statute under which the credit union was
        incorporated and the date of incorporation.
            (3)  A statement that the liquidation of the credit union
        is complete and its affairs are fully settled.
        (b)  Filing procedures.--A certificate or statement provided
     for by 15 Pa.C.S. § 139 (relating to tax clearance of certain
     fundamental transactions) shall not be required and the
     Department of State shall not charge a fee in connection with
     the filing of articles of dissolution under this section. See 15
     Pa.C.S. § 134 (relating to docketing statement).
        (c)  Effect.--Upon the filing of the articles of dissolution
     in the Department of State, the existence of the credit union
     shall cease.
     (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)

        2002 Amendment.  Act 207 amended subsec. (a).

Last modified: November 27, 2007