15 Pa. C.S. § 1523

Current through P.A. Acts 2023-66

Section 1523 - Pricing and issuance of shares

Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:

(1) the persons that shares will be issued to; and

(2) the number of shares, price or consideration and other terms on which shares will be issued.

15 Pa.C.S. § 1523

Amended by P.L. 476 2013 No. 67, § 9, eff. 9/7/2013.

1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.