Pennsylvania § 318 - Excluded entities and transactions.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 318 — Excluded entities and transactions., with citation guidance and answers to common questions.
§ 318. Excluded entities and transactions.
(a) Excluded entities.--The following entities may not participate in a transaction under this chapter:
(1) A cooperative corporation subject to Chapter 73 (relating to electric cooperative corporations).
(2) A beneficial, benevolent, fraternal or fraternal benefit society:
(i) having a lodge system and a representative form of government; or
(ii) transacting any type of insurance.
(3) A credit union.
(b) Excluded transactions involving certain nonprofit corporations.--The following apply to nonprofit corporations:
(1) Except as provided in paragraph (2), this chapter may not be used to accomplish a transaction that has the effect of converting a domestic nonprofit corporation that is subject to the supervision of the Department of Banking and Securities, the Insurance Department or the Pennsylvania Public Utility Commission to a different type of entity.
(2) Paragraph (1) does not apply to a transaction under this chapter in which a health maintenance organization is converted to a different type of entity if the transaction has received the prior approval of the Insurance Department.
(c) Cross references.--See sections 103 (relating to subordination of title to regulatory laws) and 314 (relating to regulatory conditions and required notices and approvals).
(Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
2022 Amendment. Act 122 added subsec. (a)(3).
Cross References. Section 318 is referred to in sections 314, 331, 341, 351, 361, 371 of this title.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 318
What does Pennsylvania Consolidated Statutes § 318 cover?
Section 318 ("Excluded entities and transactions.") 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 § 318?
A common citation format is "Pennsylvania Consolidated Statutes § 318" (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 § 318 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.