Current through P.A. Acts 2024-18
Section 7307.4 - Termination by corporation ceasing to be a small corporation(a) If a corporation ceases to be a small corporation, as defined in section 301 (s.2), the corporation's status as a Pennsylvania S corporation shall terminate.(b) Such termination shall be effective on the date on which the corporation ceases to be a small corporation, as defined in section 301(s.2).1971, March 4, P.L. 6, No. 2, art. III, § 307.4, added 1983, Dec. 23, P.L. 370, No. 90, § 4, effective 1/1/1984. Amended 2006, July 6, P.L. 319, No. 67, § 5, imd. effective.