§ 185.54. Unincorporated club or other unincorporated organization as stockholder.
(a) Requirement to obtain affidavit. Every association or corporation which owns 25% or more of the stock of an association shall obtain contemporaneously with the original issue or transfer on its books of its voting or nonvoting stock to every unincorporated club or other unincorporated organization, except a partnership, an affidavit in duplicate, executed by the President, Secretary, Treasurer or other Executive Officer, containing the following:
(1) The name of the club or organization.
(2) The address of its principal office in Pennsylvania.
(3) The number of shares transferred to it.
(4) The names and addresses of all its directors, governors, trustees or members of other types of a managing body.
(5) The names and addresses of all of its officers.
(6) The number of members.
(7) The name and address of each member.
(8) A statement to the effect that if there is any change in its status with respect to any of the matters set forth in paragraphs (3) to (5) inclusive, that it shall forthwith file with the association a new affidavit setting forth such change of status and in the case of paragraphs (6) and (7), that it shall annually, during the month of October, file with the association a new affidavit setting forth any change in status; provided, however, that new affidavits need not be filed if the only changes relate to a change of address.
(b) Affidavits of officers, directors, and the like. In addition to the affidavit required under subsection (a), the club or organization shall file affidavits in duplicate, containing the information set forth in § 185.51(a) (relating to individual stockholders—voting and nonvoting stock), executed by the following:
(1) Each of the officers, directors, governors, trustees or members of other types of a managing body.
(2) In the case of such an organization which has 25 members or less, each member.
(c) Change of status of affiant other than by stock transfer. If, subsequent to the filing of an affidavit required under subsections (a) and (b), the status of any affiant changes with respect to any of the matters set forth in subsection (a)(3)—(7), in the case of the affidavit filed by an unincorporated club or other unincorporated organization, and in § 185.51(a)(5)—(12) (relating to individual stockholders—voting and nonvoting stock) in the case of individual affiants, such affiant shall forthwith file with the association with which his affidavit was originally filed a new affidavit setting forth with particularity such change; provided, however, that new affidavits need not be filed if the only changes are related to age or address and that in the case of subsection (a)(6) and (7), new affidavits need be filed annually, during the month of October only.
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