Pennsylvania Statutes Title 15 Pa.C.S.A. Corporations and Unincorporated Associations § 524. Renunciation of business opportunities

The articles of incorporation, or an action of the board of directors, may renounce any interest or expectancy of a banking institution in, or in being offered an opportunity to participate in, a specified business opportunity or specified classes or categories of business opportunities that are presented to the corporation or to one or more of its directors, officers, shareholders or members.