7 Pa. Stat. § 1221

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1221 - Informal action by shareholders

Any action which may be taken at a meeting of shareholders may, unless otherwise provided in the articles or by-laws, be taken without a meeting if a consent or consents in writing setting forth the action so taken shall be signed by all of the shareholders who would be entitled to vote on such action at a meeting and shall be filed with the secretary of the institution.

7 P.S. § 1221

1965, Nov. 30, P.L. 847, No. 356, § 1221.