2307 - Voluntary termination of statutory close corporation status by amendment of articles. - Pennsylvania Statutes

§ 2307. Voluntary termination of statutory close corporation status by amendment of articles. (a) General rule.--A statutory close corporation may voluntarily terminate its status as such and cease to be subject to this chapter by amending its articles to delete therefrom the additional provision required by section 2303(1) (relating to formation of statutory close corporations) to be stated in the articles of a statutory close corporation. (b) Procedure.--The amendment shall not be effective unless it is adopted by at least the minimum vote. Cross References. Section 2307 is referred to in sections 2306, 2308, 2309 of this title.