15 Pennsylvania Consolidated Statutes Chapter 27 - Management Corporations

Section 2701 - Application And Effect Of Chapter
(a) General rule.--This chapter shall be applicable to a business corporation, other than a statutory close corporation or a professional corporation, that elects to...
Section 2702 - Formation Of Management Corporations
A management corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain: (1)...
Section 2703 - Additional Contents Of Articles Of Management Corporations
In addition to the provisions otherwise required by this subpart, the articles of a management corporation shall provide that: (1) If, and so long...
Section 2704 - Election Of An Existing Business Corporation To Become A Management Corporation
(a) General rule.--A business corporation may become a management corporation under this chapter by filing articles of amendment which shall contain, in addition to...
Section 2705 - Termination And Renewal Of Status As A Management Corporation
(a) General rule.--A management corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to...

Section 2711 - Selection And Removal Of Directors
(a) General rule.--The bylaws of a management corporation may specify the manner in which and the persons by whom the directors of the corporation...
Section 2712 - Shareholder Meetings Unnecessary
Annual or other regular meetings of the shareholders of a management corporation need not be held.

Section 2721 - Bylaw And Fundamental Change Procedures
So long as a business corporation is a management corporation subject to this chapter: (1) The board of directors shall have the full authority...
Section 2722 - Changes In Authorized Shares
(a) General rule.--An amendment of the articles of a management corporation shall not require the approval of the shareholders of the corporation to the...

Last modified: October 8, 2016