1. (a) Section 2101 of the BCL (relating to application and effect of chapter) provides for three types of nonstock corporations:

   1. (1) Business corporations which have:

      1. (i) Incorporated on Form DSCB:15-1306/2102/2303/2702/2903/3101/7102A (Articles of Incorporation-For Profit) with a nonstock election indicated.
      2. (ii) Elected to become nonstock corporations by filing Form DSCB: 15-2104 (Articles of Amendment-Election of Nonstock Status-Domestic Business Corporation).
   2. (2) A domestic corporation for profit subject to Part II, Subpart D of the code (relating to cooperative corporations) organized on a nonstock basis.
   3. (3) A domestic insurance corporation that is a mutual insurance company.

2. (b) A nonstock corporation may be one or more of the following:

   1. (1) A statutory close corporation.
   2. (2) A registered corporation.
   3. (3) A management corporation.
   4. (4) A professional corporation.
   5. (5) An insurance corporation.

Source

The provisions of this § 25.2 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.