Pennsylvania Clauses Relating to Venture Ownership Interests

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US-P0606-1BAM
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This sample form, containing Clauses Relating to Venture Ownership Interests document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
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FAQ

These sections of the new Eminent Domain Code have been called the Property Rights Protection Act. Pennsylvania Government entities are severely restricted in any effort which would take private property to transfer that ownership to a different private entity.

(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.

In Pennsylvania, unincorporated nonprofit associations are recognized as legal entities that can own and dispose of property. Members and managers are protected from personal liability, as all debts and liabilities are the sole responsibility of the association.

--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 a consent or consents to the action in record form are signed, before, on or after the effective date of ...

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS.

Act 15 requires all Volunteers and Employees to obtain three (3) background clearances; (1) Child Abuse Certification; (2) Criminal History Record Certification and (3) Federal Criminal History (FBI) Certifications (subject to certain exceptions explained below).

To dissolve your corporation in Pennsylvania, you provide the completed Articles of Dissolution-Domestic (DSCB: 15-1977/5877) form to the Department of State, Corporation Bureau, by mail or in person. You may fax file if you have a customer deposit account with the Bureau.

Pennsylvania corporate bylaws are the rules that govern your corporation's operations and create an organizational structure for your company. Bylaws outline policies for appointing directors and officers, holding shareholder and board meetings, and handling conflicts of interest, among other issues.

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Pennsylvania Clauses Relating to Venture Ownership Interests