PRINTER'S NO. 68
No. 70 Session of 1997
INTRODUCED BY HOLL, JANUARY 17, 1997
REFERRED TO JUDICIARY, JANUARY 17, 1997
AN ACT
1 Amending Title 15 (Corporations and Unincorporated Associations)
2 of the Pennsylvania Consolidated Statutes, further providing
3 for the selection of officers and directors.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Sections 5725(b) and 5732(a) of Title 15 of the
7 Pennsylvania Consolidated Statutes are amended to read:
8 § 5725. Selection of directors.
9 * * *
10 (b) Other methods.--
11 (1) If a bylaw adopted by the members so provides,
12 directors may be elected, appointed, designated or otherwise
13 selected by such person or persons or by such method or
14 methods as shall be fixed by, or in the manner provided in,
15 such bylaw.
16 (2) Notwithstanding a bylaw to the contrary, directors
17 may be nominated from the floor at any meeting where
18 nominations are offered.
1 * * *
2 § 5732. Officers.
3 (a) General rule.--Every nonprofit corporation shall have a
4 president, a secretary, and a treasurer, or persons who shall
5 act as such, regardless of the name or title by which they may
6 be designated, elected or appointed and may have such other
7 officers and assistant officers as it may authorize from time to
8 time. The bylaws may prescribe special qualifications for the
9 officers. The president and secretary shall be natural persons
10 of full age. The treasurer may be a corporation, but if a
11 natural person shall be of full age. Unless otherwise restricted
12 in the bylaws, it shall not be necessary for the officers to be
13 directors. Any number of offices may be held by the same person.
14 The officers and assistant officers shall be elected or
15 appointed at such time, in such manner and for such terms as may
16 be fixed by or pursuant to the bylaws. Notwithstanding a bylaw
17 to the contrary, officers may be nominated from the floor at any
18 meeting where nominations are offered. Unless otherwise provided
19 by or pursuant to the bylaws, each officer shall hold office for
20 a term of one year and until his successor has been selected and
21 qualified or until his earlier death, resignation or removal.
22 Any officer may resign at any time upon written notice to the
23 corporation. The resignation shall be effective upon receipt
24 thereof by the corporation or at such subsequent time as may be
25 specified in the notice of resignation. The corporation may
26 secure the fidelity of any or all of the officers by bond or
27 otherwise. Unless otherwise provided in the bylaws, the board of
28 directors shall have power to fill any vacancies in any office
29 occurring from whatever reason.
30 * * *
19970S0070B0068 - 2 -
1 Section 2. This act shall take effect in 60 days.
L13L15JS/19970S0070B0068 - 3 -