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House Bill 1616 passed the House unanimously on May 2. Rep. Denlinger's bill amends Title 15 (Corporations and Unincorporated Associations) by creating a benefit corporation class and redefining the fiduciary duty of the directors of those corporations allowing them to take non-financial interests into consideration when making decisions for the corporation. Under H.B. 1616, a benefit corporation is able to operate in a manner that produces benefits for society. The directors still must consider the interests of the shareholders, but the directors are also required to consider the interests of society. The directors are required to balance those interests. The PBA supports this bill.

H.B. 2285 also passed the House unanimously on May 2. Rep. Delozier's bill increases the maximum amount (from $25,000 to $50,000) that a personal representative of an estate or a trustee can transfer into a custodial account (established under the Uniform Transfer to Minors Act [UTMA]) for the benefit of a minor without having to obtain court authorization for the transfer. The PBA supports this bill.

Please note that the Legislative Boxscore is updated each night to reflect the legislative activity of bills during the previous session day. If you are tracking particular bills on which the PBA has a position, the Legislative Boxscore will provide you timely information.

Courtesy of Pennsylvania Legislature Web site at www.legis.state.pa.us

The PBA Legislative Department has made it easy for you to communicate your views on these issues to your legislators. Please visit the Legislative Action Center today to write to your state senators and representatives, and learn more about these important issues facing the legal community in Pennsylvania

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Not All Speech Is Free
Why PBA Member Support of the PABAR-PAC is Critical
Sept./Oct. 2010 Pennsylvania Lawyer magazine article by Bill Carlucci, PAC board chair

We Must All Become Fair-Weather Friends
PBA Member Support is Needed Before the Next Rainy Day
Sept. 20, 2010, Pennsylvania Bar News article by Bill Carlucci, PAC board chair

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