5956 - Effective date of division.
§ 5956. Effective date of division. Upon the filing of articles of division in the Department of State, or upon the effective date specified in the plan of division, whichever is later, the division shall become effective. The division of a domestic nonprofit corporation into one or more foreign corporations not-for-profit or the division of a foreign corporation not-for-profit shall be effective according to the laws of the jurisdictions where such foreign corporations are or are to be incorporated, but not until articles of division have been adopted and filed, as provided in this subchapter.