Pennsylvania Code § 15-1730

Compensation of directors.
Open in Lexace · Ask the AI about this section
(a) General rule.-- Except as otherwise restricted in the bylaws, the board of directors of a business corporation has the authority to fix the compensation of directors for their services as directors, regardless of the personal interest of the directors. A director may be a salaried officer of the corporation.
(b) Presumption.-- If the board of directors establishes the compensation of directors in accordance with subsection (a), that action is presumed to be fair to the corporation.

‹ Prev All Pennsylvania sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.