42 Pa. C.S. § 5305

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 5305 - Corporate shares

The tribunals of this Commonwealth shall have jurisdiction, whether or not the persons owning or claiming interests in the shares or share certificates are subject to the jurisdiction of the tribunals of this Commonwealth:

(1) Over shares in a corporation incorporated under the laws of this Commonwealth (subject to the limitations of Title 13 (relating to Commercial Code) ).
(2) Over share certificates which are located within this Commonwealth.
(3) Over shares in a corporation represented by share certificates located within this Commonwealth if the law of the jurisdiction of incorporation embodies the share in the share certificates.

42 Pa.C.S. § 5305

1976, July 9, P.L. 586, No. 142, § 2, effective 6/27/1978. As amended 1979, Nov. 1, P.L. 255, No. 86, § 5, effective 1/1/1980.