1923 - Notice of meeting of shareholders. - Pennsylvania Statutes

§ 1923. Notice of meeting of shareholders. (a) General rule.--Written notice of the meeting of shareholders that will act on the proposed plan shall be given to each shareholder of record, whether or not entitled to vote thereon, of each domestic business corporation that is a party to the merger or consolidation. There shall be included in, or enclosed with, the notice a copy of the proposed plan or a summary thereof and, if Subchapter D of Chapter 15 (relating to dissenters rights) is applicable to the holders of shares of any class or series, a copy of that subchapter and of section 1930 (relating to dissenters rights) shall be furnished to the holders of shares of that class or series. If the surviving or new corporation will be a nonregistered corporation, the notice shall state that a copy of its bylaws as they will be in effect immediately following the merger or consolidation will be furnished to any shareholder on request and without cost. (b) Cross references.--See Subchapter A of Chapter 17 (relating to notice and meetings generally) and section 2512 (relating to dissenters rights procedure). (Dec. 19, 1990, P.L.834, No.198, eff. imd.; Dec. 18, 1992, P.L.1333, No.169, eff. 60 days; June 22, 2001, P.L.418, No.34, eff. 60 days) 2001 Amendment. Act 34 amended subsec. (a).