15 Pa. C.S. § 524

Current through 2024 legislation effective May 8, 2024
Section 524 - Renunciation of business opportunities

The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members.

15 Pa.C.S. § 524

Added by P.L. TBD 2022 No. 122, § 27, eff. 1/2/2023.