15 Pa. C.S. § 5730

Current through P.A. Acts 2023-66
Section 5730 - Compensation of directors
(a) General rule.--Except as otherwise restricted in the bylaws, the board of directors of a nonprofit corporation has the authority to fix the compensation of directors for their services as directors regardless of the personal interest of the directors. A director may be a salaried officer of the corporation.
(b) Presumption.--If the board of directors of a nonprofit corporation that is not incorporated for a charitable purpose establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation.

15 Pa.C.S. § 5730

Amended by P.L. TBD 2022 No. 122, § 86, eff. 1/2/2023.
Amended by P.L. 476 2013 No. 67, § 35, eff. 9/7/2013.
1972, Nov. 15, P.L. 1063, No. 271, § 7730, effective in 90 days. Renumbered 1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.