Pricing and issuance of shares.
15 Pa.C.S. § 1523
in effectExcept as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board:
(1) the persons that shares will be issued to; and
(2) the number of shares, price or consideration and other terms on which shares will be issued. (July 9, 2013, P.L.476, No.67, eff. 60 days)
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