A transaction under this chapter does not require an independent business purpose in order for the transaction to be lawful.
15 Pa.C.S. § 1907
Purpose of fundamental transactions
Known as the Associations Code
The act spans §§ 15-101 to 15-9507 (683 sections).
(July 9, 2013, P.L.476, No.67, eff. 60 days)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.