HB 1716 - Specifies Shareholder Rights in the Commonwealth of Pennsylvania - Pennsylvania Key Vote

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Title: Specifies Shareholder Rights in the Commonwealth of Pennsylvania

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Title: Specifies Shareholder Rights in the Commonwealth of Pennsylvania

Vote Smart's Synopsis:

Vote to pass a bill that specifies shareholder derivative rights and responsibilities in Pennsylvania.

Highlights:

  • Requires for names generally and provides for registration of names of domestic nonfiling associations in Pennsylvania (Sec. 1). 

  • Requires approval for transactions involving limited liability companies (Sec. 1). 

  • Requires foreign registration statements on some entities (Sec. 1). 

  • Repeals previous definitions of terms related to domestic nonfiling association (Sec. 1).

Title: Specifies Shareholder Rights in the Commonwealth of Pennsylvania

Title: Specifies Shareholder Rights in the Commonwealth of Pennsylvania

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