Voting powers and other rights of certain securityholders and other entities

15 Pa.C.S. § 1531, under Corporate Powers, Duties and Safeguards.

15 Pa.C.S. § 1531

The power to vote in respect to the corporate affairs and management of a business corporation and other shareholder rights as may be provided in the articles may be conferred upon:

(1) Registered holders of obligations issued or to be issued by the corporation.

(2) The United States of America, the Commonwealth, a state, or any political subdivision of any of the foregoing, or any entity prohibited by law from becoming a shareholder of a corporation.