Pennsylvania § 1305 - Articles of dissolution.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 1305 — Articles of dissolution., with citation guidance and answers to common questions.
§ 1305. Articles of dissolution.
(a) General rule.--When, in the opinion of the department, the liquidation of a credit union is complete and its affairs are fully settled, the department shall execute and file in the Department of State articles of dissolution, which shall set forth:
(1) The name of the credit union.
(2) The statute under which the credit union was incorporated and the date of incorporation.
(3) A statement that the liquidation of the credit union is complete and its affairs are fully settled.
(b) Filing procedures.--A certificate or statement provided for by 15 Pa.C.S. § 139 (relating to tax clearance of certain fundamental transactions) shall not be required and the Department of State shall not charge a fee in connection with the filing of articles of dissolution under this section. See 15 Pa.C.S. § 134 (relating to docketing statement).
(c) Effect.--Upon the filing of the articles of dissolution in the Department of State, the existence of the credit union shall cease.
(Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)
2002 Amendment. Act 207 amended subsec. (a).
Frequently Asked Questions About Pennsylvania § 1305
What does Pennsylvania Consolidated Statutes § 1305 cover?
Section 1305 ("Articles of dissolution.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 1305?
A common citation format is "Pennsylvania Consolidated Statutes § 1305" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 1305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.