Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-207. Involuntary dissolution

(1) If a certificate of authorization has not been issued to a newly incorporated association within two years after the date of its incorporation or such longer time as the department may allow for satisfaction of conditions precedent to the issuance of a certificate of authorization, or

(2) If the department shall determine, after notice to the association, to issue a certificate of dissolution. Said determination shall be made if the department finds that the association has not exercised any of its powers under its articles, for any continuous period of two years, or

(3) If the department after having taken possession of the business and property of an association has completely liquidated its assets, or

(4) If the department, after having taken possession of the business and property of an association, has surrendered to any corporation or person the assets of the association in order to permit the carrying out of a special plan of liquidation, or

(5) If the directors of an association or the liquidating trustees under the Building and Loan Code of 1933,  1 as amended, pursuant to a plan of voluntary dissolution, have completely liquidated its assets and have not filed the articles of dissolution pursuant to the provisions of this act.