Application and effect of subchapter.

15 Pa.C.S. § 2585
in effect
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(a) General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person). (b) Exceptions.--This subchapter shall not apply to: (1) Any business combination transaction occurring more than five years after the control-share approval of the registered corporation. (2) Any business operation located other than in this Commonwealth.
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