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Dissolution or liquidation - 40 Pa. Cons. Stat. § 6334Legal Research Home > Pennsylvania Statutes
§ 6334. Dissolution or liquidation.
No professional health service corporation shall be dissolved
under the provisions of Title 15 (relating to corporations and
unincorporated associations) or under any other provision of
law, except with the prior approval of the department. Articles
of dissolution for a professional health service corporation
filed in the Department of State, whether pursuant to a decree
of court liquidating the corporation or otherwise, shall not be
effective unless and until approved by the Insurance Department.
Any dissolution or liquidation of a professional health service
corporation shall be under the supervision of the Insurance
Department which shall have all powers with respect thereto
granted to it under the laws of this Commonwealth governing the
dissolution or liquidation of insurance companies.
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Last modified: November 27, 2007 |