Current through 2024 legislation effective May 8, 2024
Section 2102 - Formation of nonstock corporations(a) General rule.-- A nonstock corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall contain: (1) A heading stating the name of the corporation and that it is a nonstock corporation.(2) The provisions required by section 2103 (relating to contents of articles and other documents of nonstock corporations).(b) Initial members.--Upon the filing of articles of a nonstock corporation, the subscribers to the minimum guaranteed capital of the corporation, if any, and the incorporators shall be the initial members of the corporation.1988, Dec. 21, P.L. 1444, No. 177, § 103, effective 10/1/1989.