A member of a nonprofit corporation shall not have any right to claim the right to valuation and payment of the fair value of his membership interest or shares because of any proposed plan or amendment authorized under any provision of this subpart, or to obtain, in the absence of fraud or fundamental unfairness, an injunction against the plan or amendment.
15 Pa.C.S. § 5105
Restriction on equitable relief
Known as the Associations Code
The act spans §§ 15-101 to 15-9507 (683 sections).
(Dec. 21, 1988, P.L.1444, No.177, eff
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.