15 Pa. C.S. § 5768

Current through P.A. Acts 2023-66

Section 5768 - Reduction of membership below stated number

Whenever the membership of a nonprofit corporation having a stated number of members is reduced below that number by death, withdrawal or otherwise, the corporation shall not on that account be dissolved, but it shall be lawful for the surviving or continuing members to continue the corporate existence unless otherwise restricted in the bylaws.

15 Pa.C.S. § 5768

Renumbered from § 5765 and amended by P.L. 476 2013 No. 67, § 41, eff. 9/7/2013.