19 Pa. Code § 27.5. Voluntary termination of statutory close corporation status.

§ 27.5. Voluntary termination of statutory close corporation status.

Section 2307 of the BCL (relating to voluntary termination of statutory close corporation status by amendment of articles) provides that a statutory close corporation may voluntarily terminate its status by filing Form DSCB:15-1915 (Articles of Amendment-Domestic Business Corporation) which delete from its articles:
   (1)  The caption stating that it is a statutory close corporation.
   (2)  The provisions contemplated by §  27.3 (relating to additional contents of articles of statutory close corporations).

Source

   The provisions of this §  27.5 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.

Cross References

   This section cited in 19 Pa. Code §  27.6 (relating to filings with respect to breach and cure of qualifying conditions).

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