Pennsylvania § 2585 - Application and effect of subchapter.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 2585 — Application and effect of subchapter., with citation guidance and answers to common questions.
§ 2585. Application and effect of subchapter.
(a) General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person).
(b) Exceptions.--This subchapter shall not apply to:
(1) Any business combination transaction occurring more than five years after the control-share approval of the registered corporation.
(2) Any business operation located other than in this Commonwealth.
Frequently Asked Questions About Pennsylvania § 2585
What does Pennsylvania Consolidated Statutes § 2585 cover?
Section 2585 ("Application and effect of subchapter.") 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 § 2585?
A common citation format is "Pennsylvania Consolidated Statutes § 2585" (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 § 2585 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.