Section 2307 of the BCL (relating to voluntary termination of statutory close corporation status by amendment of articles) provides that a statutory close corporation may voluntarily terminate its status by filing Form DSCB:15-1915 (Articles of Amendment-Domestic Business Corporation) which delete from its articles:

1. (1) The caption stating that it is a statutory close corporation.
2. (2) The provisions contemplated by § 27.3 (relating to additional contents of articles of statutory close corporations).

Source

The provisions of this § 27.5 adopted April 17, 1992, effective April 18, 1992, 22 Pa.B. 1993.

Cross References

This section cited in 19 Pa. Code § 27.6 (relating to filings with respect to breach and cure of qualifying conditions).