Adoption of plan of merger by board of directors.
15 Pa.C.S. § 2539
in effectSection 321(d)(1)(ii) (relating to approval by business corporation) shall be applicable to a plan relating to a merger to which a registered corporation described in section 2502(1)(i) (relating to registered corporation status) is a party only if the plan:
(1) has been approved by the board of directors of the registered corporation; and
(2) is consistent with the requirements, if applicable, of Subchapter F (relating to business combinations). (Dec. 18, 1992, P.L.1333, No.169, eff. 60 days; Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015) Cross References. Section 2539 is referred to in sections 313, 321 of this title.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM&ttl=15Fetched: 10/16/2026