27 Pa. Stat. § 184

Current through P.A. Acts 2024-18
Section 184 - Property of corporation with non-resident shareholders not to escheat

No real or personal property, the title to which is or may be held by or in the name of any corporation of this state authorized by its charter or general law to hold the same, shall be escheated to the commonwealth, nor shall, in any judicial proceeding, any inference of any relation of trust or agency arise, by reason of the character or residence of the shareholders holding the whole or part of the capital stock of such corporation, nor because the beneficial ownership of said property, in whole or in part, is or has been in any person or persons, corporation or corporations, prohibited from holding the same.

27 P.S. § 184

1887, June 2, P.L. 302, § 1.