--Unless otherwise provided in the bylaws, a majority of the directors in office of a business corporation shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the board of ...
(b) Action by consent. --Unless otherwise restricted in the bylaws, any action required or permitted to be approved at a meeting of the directors may be approved without a meeting by a consent or consents to the action in record form.
The corporate opportunity doctrine prohibits a corporate fiduciary from exploiting an opportunity related to the corporation's business unless he or she first offers that opportunity to the corporation.
In Pennsylvania, a corporation need not adopt bylaws at its formation, but bylaws are sometimes adopted by the incorporator or board of directors at formation or a later time.
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS.
The written consent in lieu of meeting of shareholders provides that the actions taken will become effective not less than 20 days following the date that the Company's definitive information statement is first disseminated to shareholders.
--Unless otherwise restricted in the bylaws, any action required or permitted to be taken at a meeting of the shareholders or of a class of shareholders of a business corporation may be taken without a meeting if, prior or subsequent to the action, a consent or consents thereto by all of the shareholders who would be ...
Pennsylvania Statutes Municipal Waste Planning, Recycling and Waste Reduction Act, Act 101(opens in a new tab) (includes Amendments) of 1988 - Provides for municipal waste processing and disposal planning, submission of plans, authorizing grants, requires municipal recycling programs and establishes the Recycling Fund.
Pennsylvania Business Corporation Law of 1988 defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the Commonwealth of Pennsylvania. One or more corporations for profit or not-for-profit or natural persons of full age may incorporate a business corporation.