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Fundamental changes - 24 Pa. Cons. Stat. § 6504

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     § 6504.  Fundamental changes.
        (a)  General rule.--It is unlawful for any institution
     holding a certificate of authority under this chapter
     authorizing the conferring of degrees to amend its articles of
     incorporation, to merge or consolidate with any other
     corporation or to divide or convert without first securing the
     approval of the department with respect thereto.
        (b)  Form of application.--Every application for approval of
     a fundamental change under this section shall be made to the
     department in writing and shall be in such form and shall
     contain such information as the department shall require.
        (c)  Standards for approval.--The amendment of articles,
     merger, consolidation, division or conversion shall be approved
     by order of the department only if and when the department finds
     and determines that such fundamental change conforms to law,
     including the regulations of the department under this chapter,
     and the standards and qualifications for institutions prescribed
     by the State board thereunder, and will result in an institution
     which, under the then current provisions of this chapter and
     standards and qualifications for institutions of the State board
     thereunder, would be eligible to receive a certificate of
     authority as an institution.
        (d)  Procedure.--The proceedings before the department shall
     be subject to the provisions of section 6503(e) (relating to
     procedure).
        (e)  Judicial review.--Orders of the department upon an
     application for approval under this section shall be subject to
     judicial review in the manner and within the time provided or
     prescribed by law.

Last modified: November 27, 2007