Pennsylvania’s New Annual Report Requirement for Incorporated Associations Takes Effect
Act 122 was signed into law by Governor Wolf on November 3, 2022. Among various updates to Title 15 of Pennsylvania’s Consolidated Statutes (dealing with Corporations and Unincorporated Associations), Act 122 follows a national trend to add transparency to corporate action. Significantly, it replaces Pennsylvania’s decennial reporting requirement for non-profit corporations with an “Annual Report”, […]