Pennsylvania Statutes Title 15 Pa.C.S.A. Corporations and Unincorporated Associations § 1523. Pricing and issuance of shares

Except as otherwise restricted in the bylaws, shares of a business corporation may be issued at a price determined by the board of directors; or the board may authorize one or more directors or one or more officers, acting alone or with the participation of one or more directors, to determine, within limits, pursuant to a formula or method or subject to relevant criteria specifically prescribed by the board: