1905 - Proposal of fundamental transactions. - Pennsylvania Statutes

§ 1905. Proposal of fundamental transactions. Where any provision of this chapter requires that an amendment of the articles, a plan or the dissolution of a business corporation be proposed or approved by action of the board of directors, that requirement shall be construed to authorize and be satisfied by the written agreement or consent of all of the shareholders of the corporation entitled to vote thereon. (Dec. 19, 1990, P.L.834, No.198, eff. imd.)