Bylaws or Articles of Incorporation: Prohibiting or Modifying Shareholder Action Without a Meeting (PA) | Practical Law

Bylaws or Articles of Incorporation: Prohibiting or Modifying Shareholder Action Without a Meeting (PA) | Practical Law

A Standard Clause for a Pennsylvania business corporation's bylaws or articles of incorporation prohibiting shareholder action without a meeting, permitting shareholder action without a meeting by partial (less than unanimous) consent, or requiring shareholder approval for specified actions by meeting or unanimous consent. This Standard Clause has integrated notes with important explanations and drafting tips.

Bylaws or Articles of Incorporation: Prohibiting or Modifying Shareholder Action Without a Meeting (PA)

by Practical Law Corporate & Securities
Law stated as of 04 Dec 2023 • Pennsylvania
A Standard Clause for a Pennsylvania business corporation's bylaws or articles of incorporation prohibiting shareholder action without a meeting, permitting shareholder action without a meeting by partial (less than unanimous) consent, or requiring shareholder approval for specified actions by meeting or unanimous consent. This Standard Clause has integrated notes with important explanations and drafting tips.