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Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-205. Articles of dissolution

Current as of January 01, 2025 | Updated by Findlaw Staff

<The Savings Association Code of 1967, 7 P.S. §§ 6020-1 to 6020-254, has been repealed by Act 2013, June 24, P.L. 67, No. 23, §§ 1 to 107, effective in one year [June 24, 2014], but remains in full force and effect as to transactions and proceedings commenced prior to said repeal, pursuant to Act 2013-23, § 109.>

(a) When all the liabilities of the association have been discharged, and all its remaining assets have been disbursed to members pursuant to section 1204,  1 articles of dissolution shall be signed by two duly authorized officers of the association under its seal and shall contain:

(1) The name of the association and the post office address of its principal place of business,

(2) A statement that the association has previously delivered a certificate of election to dissolve to the department, and the date on which the approved certificate was filed in the Department of State,

(3) A statement that all liabilities of the association have been discharged, and that the remaining assets of the association have been distributed to its members, and

(4) A statement that there are no suits pending against the association.

(b) The articles of dissolution shall be delivered to the department together with any applicable filing fees. If the department finds that the articles satisfy the requirements of this act it shall deliver them with its approval to the Department of State.

1 7 P.S. § 6020-204.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-205. Articles of dissolution - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-7-ps-banks-and-banking/pa-st-sect-7-6020-205/

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