Pennsylvania § 7303 - Definitions.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7303 — Definitions., with citation guidance and answers to common questions.
§ 7303. Definitions.
The following words and phrases when used in this subchapter and Subchapter B (relating to powers, duties and safeguards) shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Acquire." Construct or acquire by purchase, lease, devise, gift or other mode of acquisition.
"Board." A board of directors of a corporation.
"Federal agency." Includes the United States of America and any department, administration, commission, board, bureau, office, establishment, agency, authority or instrumentality of the United States of America, heretofore or hereafter created.
"Member." The incorporators of a corporation and each person thereafter lawfully admitted to membership therein.
"Obligations." Includes bonds, notes, debentures, interim certificates or receipts and all other evidences of indebtedness issued by a corporation, whether secured or unsecured.
"Person." Includes any Federal agency, State or political subdivision thereof or any body politic.
"Rural area." Any area, not included within the boundaries of any incorporated or unincorporated city, town, village or borough, having a population in excess of 2,500 inhabitants, including both the farm and nonfarm population thereof.
Frequently Asked Questions About Pennsylvania § 7303
What does Pennsylvania Consolidated Statutes § 7303 cover?
Section 7303 ("Definitions.") 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 § 7303?
A common citation format is "Pennsylvania Consolidated Statutes § 7303" (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 § 7303 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.