§ 25.2. Applicability of nonstock corporation provisions.

 (a)  Section 2101 of the BCL (relating to application and effect of chapter) provides for three types of nonstock corporations:

   (1)  Business corporations which have:

     (i)   Incorporated on Form DSCB:15-1306/2102/2303/2702/2903/3101/7102A (Articles of Incorporation-For Profit) with a nonstock election indicated.

     (ii)   Elected to become nonstock corporations by filing Form DSCB: 15-2104 (Articles of Amendment-Election of Nonstock Status-Domestic Business Corporation).

   (2)  A domestic corporation for profit subject to Part II, Subpart D of the code (relating to cooperative corporations) organized on a nonstock basis.

   (3)  A domestic insurance corporation that is a mutual insurance company.

 (b)  A nonstock corporation may be one or more of the following:

   (1)  A statutory close corporation.

   (2)  A registered corporation.

   (3)  A management corporation.

   (4)  A professional corporation.

   (5)  An insurance corporation.

Source

   The provisions of this §  25.2 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.

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