40 Pa. Stat. § 991.2423

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 991.2423 - Institutions

A society may create, maintain and operate or may establish organizations to operate not-for-profit institutions to further the purposes permitted by section 2406(a)(2) . These institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement but shall not be allowed as an admitted asset of the society except as provided insection 2441(b) .

40 P.S. § 991.2423

1921, May 17, P.L. 682, No. 284, art. XXIV, § 2423, added 2002, July 10, P.L. 749, No. 110, § 9, effective in 60 days.