Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-172. Proposal and adoption of amendments

(a) An amendment of the articles shall be proposed by adoption of a resolution by the board of directors directing that it be submitted to a vote at a meeting of members held upon not less than ten days' notice to all members. Such notice shall state the place, the day and the hour of the meeting.

(b) The resolution proposing an amendment or amendments shall contain the language of each amendment by setting forth in full the articles as they would be amended or any provision thereof as it would be amended or by setting forth in full any matter to be added to or deleted from the articles. A copy of the resolution or a summary thereof shall be included with the notice of the meeting to the members. Any number of amendments may be submitted to the members at one meeting.

(c) Unless the articles or bylaws require a greater number, adoption of each amendment shall require the affirmative vote of a majority of the votes represented at the meeting in person or by proxy.