5310 - Organization meeting.
§ 5310. Organization meeting. (a) General rule.--After the filing of the articles of incorporation, an organization meeting of the initial directors, or if directors are not named in the articles, of the incorporator or incorporators, shall be held, within or without this Commonwealth, for the purpose of adopting bylaws, which they shall have authority to do at such meeting, of electing directors to hold office as provided in the bylaws, if directors are not named in the articles, and the transaction of such other business as may come before the meeting. A bylaw adopted at such meeting of directors or incorporators shall be deemed to be a bylaw adopted by the members for the purposes of this article and of any other provision of law. (b) Call of and action at meeting.--The meeting may be held at the call of any director or, if directors are not named in the articles, of any incorporator, who shall give at least five days' written notice thereof to each other director or incorporator, which notice shall set forth the time and place of the meeting. For the purposes of this section an incorporator may act in person or by proxy signed by him or his attorney in fact. (c) Death or incapacity of directors or incorporators.--If a designated director or an incorporator dies or is for any reason unable to act at the meeting, the other or others may act. If there is no other designated director or incorporator able to act, any person for whom an incorporator was acting as agent may act in his stead. Cross References. Section 5310 is referred to in section 5504 of this title.