PRINTER'S NO. 158
No. 153 Session of 2003
INTRODUCED BY DENT, WAUGH, ORIE, MOWERY, TOMLINSON, THOMPSON, SCARNATI, COSTA, KITCHEN, BOSCOLA, O'PAKE, C. WILLIAMS, WOZNIAK AND TARTAGLIONE, FEBRUARY 4, 2003
REFERRED TO JUDICIARY, FEBRUARY 4, 2003
AN ACT 1 Amending Title 15 (Corporations and Unincorporated Associations) 2 of the Pennsylvania Consolidated Statutes, further providing 3 for qualifications of directors. 4 The General Assembly of the Commonwealth of Pennsylvania 5 hereby enacts as follows: 6 Section 1. Section 5722 of Title 15 of the Pennsylvania 7 Consolidated Statutes is amended to read: 8 § 5722. Qualifications of directors. 9 (a) General rule.--Each director shall be a natural person 10 of full age except as provided in subsection (b) who, unless 11 otherwise restricted in the bylaws, need not be a resident of 12 this Commonwealth or a member of the corporation. Except as 13 otherwise provided in this section, the qualifications of 14 directors may be prescribed in the bylaws. 15 (b) Directors not of full age.--A nonprofit corporation 16 organized primarily for recreational or youth development and 17 delinquency prevention purposes for the benefit of individuals 18 18 years of age or younger may amend its articles of
1 incorporation to include one or more directors on its board who 2 are 16 or 17 years of age. If a nonprofit corporation amends its 3 articles of incorporation to include directors who are 16 or 17 4 years of age, the total number of such directors may not exceed 5 one half of the total number of directors required for a quorum 6 for the transaction of business. 7 Section 2. This act shall take effect in 60 days. A2L15MSP/20030S0153B0158 - 2 -