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42 chapters · 1,033 sections in this title.
15 Pa.C.S. § 3305 Termination of benefit corporation status
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(a) Amendment.--A benefit corporation may terminate its status as a benefit corporation and cease to be subject to this chapter by amending its articles to delete the provision required under section 3304 (relating to election of benefit corporation status) to be stated in the ar…
15 Pa.C.S. § 3311 Corporate purposes
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(a) General public benefit purpose.--A benefit corporation shall have a purpose of creating general public benefit. This purpose is in addition to its purpose under section 1301 (relating to purposes). (b) Optional specific public benefit purpose.--The articles of a benefit corpo…
15 Pa.C.S. § 3321 Standard of conduct for directors
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(a) Consideration of interests.--Without regard to whether the benefit corporation is subject to section 1715 (relating to exercise of powers generally) or 1716 (relating to alternative standard), in discharging the duties of their respective positions, the board of directors, co…
15 Pa.C.S. § 3322 Benefit director
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(a) General rule.-- (1) The board of directors of a benefit corporation which is a registered corporation shall include a director who: (i) shall be designated as the benefit director; and (ii) shall have, in addition to all of the powers, duties, rights and immunities of the oth…
