Pennsylvania Code (Last Updated: April 5, 2016) |
Title 19. CORPORATIONS AND BUSINESS ASSOCIATIONS |
PART I. Department of State |
Subpart B. Corporation Bureau |
Article II. Domestic Corporation Matters |
Chapter 23. Business Corporations Generally |
Section 23.8. Naming the first directors in the articles
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(a) The first directors of the corporation may be named in the articles of incorporation.
(b) Section 1306(b) of the BCL (relating to articles of incorporation) provides that the naming of directors in the articles of incorporation constitutes an affirmation that the directors have consented in writing to serve as directors.
(c) If directors are not named in the articles of incorporation, section 1310 of the BCL (relating to organization meeting) provides that they shall be elected by the incorporators.
The provisions of this § 23.8 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.