State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-51 > 5106

§ 5106. Limited uniform application of subpart. (a) General rule.--Except as provided in subsection (b), this subpart and its amendments are intended to provide uniform rules for the government and regulation of the affairs of corporations and of their officers, directors and members, regardless of the date or manner of incorporation or qualification, or of the issuance of any evidences of membership in or shares thereof. (b) Exceptions.-- (1) Unless expressly provided otherwise in any amendment to this subpart any such amendment shall take effect only prospectively. (2) Any existing corporation lawfully using a name, or as a part of its name a word, which could not be used as or included in the name of a corporation hereafter incorporated or qualified under this subpart, may continue to use such name, or word as part of its name, provided the use or inclusion of such word or name was lawful when first adopted by the corporation in this Commonwealth. (3) Nothing in subsection (a) shall adversely affect the rights saved by the general terms of section 5105 (relating to saving clause and restriction on equitable relief). (Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989) Cross References. Section 5106 is referred to in sections 5303, 5311 of this title.

State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-51 > 5106

§ 5106. Limited uniform application of subpart. (a) General rule.--Except as provided in subsection (b), this subpart and its amendments are intended to provide uniform rules for the government and regulation of the affairs of corporations and of their officers, directors and members, regardless of the date or manner of incorporation or qualification, or of the issuance of any evidences of membership in or shares thereof. (b) Exceptions.-- (1) Unless expressly provided otherwise in any amendment to this subpart any such amendment shall take effect only prospectively. (2) Any existing corporation lawfully using a name, or as a part of its name a word, which could not be used as or included in the name of a corporation hereafter incorporated or qualified under this subpart, may continue to use such name, or word as part of its name, provided the use or inclusion of such word or name was lawful when first adopted by the corporation in this Commonwealth. (3) Nothing in subsection (a) shall adversely affect the rights saved by the general terms of section 5105 (relating to saving clause and restriction on equitable relief). (Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989) Cross References. Section 5106 is referred to in sections 5303, 5311 of this title.

State Codes and Statutes

State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-51 > 5106

§ 5106. Limited uniform application of subpart. (a) General rule.--Except as provided in subsection (b), this subpart and its amendments are intended to provide uniform rules for the government and regulation of the affairs of corporations and of their officers, directors and members, regardless of the date or manner of incorporation or qualification, or of the issuance of any evidences of membership in or shares thereof. (b) Exceptions.-- (1) Unless expressly provided otherwise in any amendment to this subpart any such amendment shall take effect only prospectively. (2) Any existing corporation lawfully using a name, or as a part of its name a word, which could not be used as or included in the name of a corporation hereafter incorporated or qualified under this subpart, may continue to use such name, or word as part of its name, provided the use or inclusion of such word or name was lawful when first adopted by the corporation in this Commonwealth. (3) Nothing in subsection (a) shall adversely affect the rights saved by the general terms of section 5105 (relating to saving clause and restriction on equitable relief). (Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989) Cross References. Section 5106 is referred to in sections 5303, 5311 of this title.