On Jul. 9, PEN LEG passed bill re domestic nonfiling association filings.
PEN LEG passed House Bill 1716 to make changes re corporations and unincorporated associations; amends Title 15 of Pennsylvania consolidated statutes, PEN LEG 15.
Bill Provisions
Adds requirements re registration of names for domestic nonfiling association, that is not a Limited Liability Partnership (LLP), to include, application, name and address.
The registration of names for a domestic nonfiling association can be renewed annually, and can be filed between Oct. 1 and Dec. 31 and extended for the next year.
A plaintiff may maintain a derivative action to enforce a right of a business corporation if special litigation committee is not appointed under section 1783, 5783, 8694, 8884.
Legislative History
On Sep. 26, 2023, bill introduced in House; on Nov. 13, 2023, bill passed in House.
On Nov. 28, 2023, bill delivered to Senate; on Jul. 3, 2024, bill was passed in Senate.
On Jul. 9, 2024, bill was delivered to the governor and is pending review and approval.
Effectiveness
If approved, act will take effect after 60 days.
Jul. 2024 PEN LEG Governor Approval
On Jul. 15, 2024, PEN LEG reported bill approval by governor, became Act 59 of 2024.
Bill re corporations and unincorporated associations, becomes effective Sep. 13, 2024.
Regulators
PEN LEG
Entity Types
Corp
Reference
Act 59, 7/15/2024; Bill HB1716, 7/9/2024; Citation: PEN LEG 15;
