2539 - Adoption of plan of merger by board of directors. - Pennsylvania Statutes

§ 2539. Adoption of plan of merger by board of directors. Section 1924(b)(1)(ii) (relating to adoption by board of directors) shall be applicable to a plan relating to a merger or consolidation to which a registered corporation described in section 2502(1)(i) (relating to registered corporation status) is a party only if the plan: (1) has been approved by the board of directors of the registered corporation; and (2) is consistent with the requirements, if applicable, of Subchapter F (relating to business combinations). (Dec. 18, 1992, P.L.1333, No.169, eff. 60 days) 1992 Amendment. Act 169 added section 2539. Cross References. Section 2539 is referred to in section 1924 of this title.