Current through Register Vol. 54, No. 50, December 14, 2024
Section 185.53 - Partnership stockholders(a)Requirement to obtain affidavit. Every association or corporation which owns 25% or more of the stock of an association shall obtain contemporaneously with the original issue or transfer on its books of its voting or nonvoting stock to every partnership, an affidavit in duplicate executed by a general partner containing the following: (1) The trade name of the partnership.(2) The address of its principal office.(3) If a foreign partnership the address of its principal office, if any, in Pennsylvania.(4) The names, addresses and ages of all the general and limited partners designating which partners are general and which are limited.(5) The number of shares transferred to the partnership.(6) A statement to the effect that if there is any change in the status of the partnership with respect to any of the matters set forth in paragraph (4) except with regard to a change of age or address, it shall forthwith file with the association a new affidavit setting forth such change of status.(b)Affidavits of partners. In addition to the affidavit required under subsection (a) of this section, the partnership shall file affidavits in duplicate containing the information set forth in § 185.51(a) (relating to individual stockholders-voting and nonvoting stock), executed by every member of the partnership who possesses, either directly or indirectly, the power to cause the direction of the management and policies of the partnership whether by contract or otherwise.(c)Change of status of affiant other than by stock transfer. If subsequent to the filing of any affidavit required under subsections (a) and (b), the status of any affiant changes with respect to any of the matters set forth in subsection (a)(4) and (5), in the case of a partnership affiant, or in § 185.51(a)(5) to (12) in the case of an individual affiant, such partnership shall forthwith file with the association with which his affidavit was originally filed, a new affidavit setting forth with particularity such change; provided, however, that new affidavits need not be filed if the only changes are changes relating to the age or address of the partners.