15 Pa.C.S. § 1730
This is the official text of 15 Pa.C.S. § 1730, part of Pennsylvania’s Pa.C.S — part of the compiled statutory law of Pennsylvania, published by the state as "Pa.C.S." Browse the sections below, each linked to its official government source.
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Compensation of directors.
Official statutory text
(a) General rule.--Except as otherwise restricted in the bylaws, the board of directors of a business corporation has the authority to fix the compensation of directors for their services as directors, regardless of the personal interest of the directors. A director may be a salaried officer of the corporation.
(b) Presumption.--If the board of directors establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation. (Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
Cross References. Section 1730 is referred to in sections 1103, 1728 of this title.
(b) Presumption.--If the board of directors establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation. (Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
Cross References. Section 1730 is referred to in sections 1103, 1728 of this title.
Status: in_force · Read it on the official government site
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