Pennsylvania Statutes Title 15 Pa.C.S.A. Corporations and Unincorporated Associations § 341. Interest exchange authorized

(1) A domestic or foreign association may acquire all of one or more classes or series of the issued and outstanding interests of a domestic entity in exchange for interests, securities, obligations, money, other property, rights to acquire interests or securities or any combination of the foregoing.

(2) A domestic entity may acquire all of one or more classes or series of the issued and outstanding interests of a foreign association in exchange for interests, securities, obligations, money, other property, rights to acquire interests or securities or any combination of the foregoing.

(1) A foreign association may be the acquiring association in an interest exchange under this subchapter regardless of whether the laws of its jurisdiction of formation authorizes an interest exchange.

(2) A foreign association may be the acquired association in an interest exchange under this subchapter only if the interest exchange is authorized by the laws of its jurisdiction of formation.

(1) a health maintenance organization;

(2) a hospital plan corporation;  or

(3) a professional health service organization.

(1) in a provision of the organic rules of a domestic business corporation which took effect before July 1, 2015;  or

(2) in a statute of this Commonwealth that took effect before July 1, 2015.