Current through Pa Acts 2024-53, 2024-56 through 2024-79
Section 1730 - Compensation of directors(a) General rule.--Except as otherwise restricted in the bylaws, the board of directors of a business corporation has the authority to fix the compensation of directors for their services as directors , regardless of the personal interest of the directors. A director may be a salaried officer of the corporation.(b)Presumption.--If the board of directors establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation.Amended by P.L. TBD 2022 No. 122, § 50, eff. 1/2/2023.1988, Dec. 21, P.L. 1444, No. 177, § 103, effective 10/1/1989.