New Associations Code Amendments, Part 1
Senate Bill 304 was signed into law on July 9, 2013 by Governor Corbett as the GAA Amendments Act of 2013 (the “Act”) to be effective September 7, 2013. The Act was drafted by the Title 15/Business Associations Committee of the Section on Business Law of the Pennsylvania Bar Association, on which I have served for many years. The Act amends the Associations Code which contains the laws relating to legal entities, i.e. corporations, partnerships, LLCs, LLPs, business trusts, etc. An aspect of the Act that might be of general interest is Chapter 91 which creates the Pennsylvania Uniform Unincorporated Nonprofit Association Law. Is this a subject of interest to you?
By: Alan H. Molod