Pennsylvania Consolidated Statutes · § 524 — Renunciation of business opportunities

The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members. SUBPART B BUSINESS CORPORATIONS Article A. Preliminary Provisions B. Domestic Business Corporations Generally C. Domestic Business Corporation Ancillaries D. Foreign Business Corporations ARTICLE A PRELIMINARY PROVISIONS Chapter 11. General Provisions