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COMMONWEALTH OF PENNSYLVANIA

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19 Pa. Code § 23.7. Subscription by incorporator unnecessary.

§ 23.7. Subscription by incorporator unnecessary.

 Section 1306(a)(5) of the BCL (relating to articles of incorporation) requires that the articles of incorporation of a business corporation set forth the name and post office address of the incorporator or of each of the incorporators. A statement of the number of shares subscribed by each incorporator is not required and incorporators are not required to be shareholders.

Source

   The provisions of this §  23.7 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.

Cross References

   This section cited in 19 Pa. Code §  33.2 (relating to incorporators).


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