15 Pa.C.S. § 331 – Merger authorized

(a) General rule.— Except as provided in section 318 (relating to excluded entities and transactions) or this section, by complying with this chapter:
1. (1) One or more domestic entities may merge with one or more domestic entities or foreign associations into a surviving association.
2. (2) Two or more foreign associations may merge into a surviving association that is a domestic entity.
3. (3) A domestic banking institution may be a merging association or surviving association in a merger with one or more domestic or foreign associations if the surviving association or at least one of the merging associations is a domestic entity.
(b) Foreign law authorization required.— By complying with the applicable provisions of this subchapter, a foreign association may be a party to a merger under this subchapter or may be the surviving association in such a merger if the merger is authorized by the laws of the jurisdiction of formation of the foreign association.
(c) Banking institutions.— Subsection (a)(3) controls over any inconsistent provision of the organic law of a domestic banking institution that is a merging association.
(d) Exception.— A health maintenance organization may be a merging association only if the surviving association is a health maintenance organization.
(e) Cross reference.— See section 314 (relating to regulatory conditions and required notices and approvals).