1501 - Corporate capacity.
CHAPTER 15 CORPORATE POWERS, DUTIES AND SAFEGUARDS Subchapter A. General Provisions B. Shares and Other Securities C. Corporate Finance D. Dissenters Rights Enactment. Chapter 15 was added December 21, 1988, P.L.1444, No.177, effective October 1, 1989. Cross References. Chapter 15 is referred to in section 1306 of this title. SUBCHAPTER A GENERAL PROVISIONS Sec. 1501. Corporate capacity. 1502. General powers. 1503. Defense of ultra vires. 1504. Adoption, amendment and contents of bylaws. 1505. Persons bound by bylaws. 1506. Form of execution of instruments. 1507. Registered office. 1508. Corporate records; inspection by shareholders. 1509. Bylaws and other powers in emergency. 1510. Certain specifically authorized debt terms. 1511. Additional powers of certain public utility corporations. 1512. Informational rights of a director. § 1501. Corporate capacity. Except as provided in section 103 (relating to subordination of title to regulatory laws), a business corporation shall have the legal capacity of natural persons to act.