1. (a) General rule.— A document in record form delivered to the department for filing may be abandoned before it takes effect by delivering to the department for filing a statement of abandonment.

2. (b) Requirements for statement of abandonment.— A statement of abandonment must:

   1. (1) be signed by a person with the authority to sign the statement;
   2. (2) identify the document to be abandoned; and
   3. (3) state that abandonment of the document has been validly approved.

3. (c) Effect of statement of abandonment.— Upon filing by the department of a statement of abandonment, the action or transaction evidenced by the original document shall not take effect.

   Cross References. Section 141 is referred to in sections 136, 334, 344, 354, 365, 374, 8419, 8622, 8624, 8822, 8824 of this title.

(Oct. 22, 2014, P.L.2640, No.172, eff. July 1, 2015)

2014 Amendment. Act 172 added section 141.