PRIOR PRINTER'S NO. 2039
PRINTER'S NO. 2169
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1716
Session of
2023
INTRODUCED BY WARREN, MADDEN, SANCHEZ, M. JONES AND DELLOSO,
SEPTEMBER 26, 2023
AS REPORTED FROM COMMITTEE ON COMMERCE, HOUSE OF
REPRESENTATIVES, AS AMENDED, OCTOBER 18, 2023
AN ACT
Amending Title 15 (Corporations and Unincorporated Associations)
of the Pennsylvania Consolidated Statutes, IN ENTITIES
GENERALLY, FURTHER PROVIDING FOR REQUIREMENTS FOR NAMES
GENERALLY AND PROVIDING FOR REGISTRATION OF NAME OF DOMESTIC
NONFILING ASSOCIATION; in entity transactions, further
providing for nature of transactions and for approval by
limited liability company; in foreign associations, further
providing for foreign registration statement; in general
provisions, further providing for definitions; in corporate
powers, duties and safeguards, further providing for certain
specifically authorized debt terms; in officers, directors
and shareholders, further providing for derivative action; in
foreign business corporations, further providing for
application of article; in general provisions, further
providing for definitions; in corporate powers, duties and
safeguards, further providing for certain specifically
authorized debt terms; in officers, directors and members,
further providing for derivative action; in general
partnerships, further providing for contents of partnership
agreement; in limited partnerships, further providing for
contents of partnership agreement and for derivative action;
and, in limited liability companies, further providing for
contents of operating agreement and for derivative action.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 315(a) of Title 15 of the Pennsylvania
Consolidated Statutes, amended November 3, 2022 (P.L.1791,
No.122), is amended to read:
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