5767 - Voting powers and other rights of certain securityholders and other entities. - Pennsylvania Statutes

§ 5767. Voting powers and other rights of certain securityholders and other entities. Such power to vote in respect to the corporate affairs and management of a nonprofit corporation and other membership rights as may be provided in a bylaw adopted by the members may be conferred upon: (1) Registered holders of securities evidencing indebtedness issued or to be issued by the corporation. (2) The Commonwealth or any political subdivision thereof or other entity prohibited by law from becoming a member of a corporation. (Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989) 1988 Amendment. Act 177 amended the section heading. Cross References. Section 5767 is referred to in section 5504 of this title.