15 Pa. C.S. § 5753

Current through Pa Acts 2024-53, 2024-56 through 2024-79

Section 5753 - Membership certificates

A nonprofit corporation organized upon a nonstock basis shall not issue shares of stock, but membership in the corporation may be evidenced by certificates of membership. The fact that the corporation is a nonprofit corporation shall be noted conspicuously on the face of each certificate.

15 Pa.C.S. § 5753

Amended by P.L. 476 2013 No. 67, § 37, eff. 9/7/2013.

1972, Nov. 15, P.L. 1063, No. 271, § 7753, effective in 90 days. Renumbered 1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.