(a) General rule.--Except as otherwise provided by statute:
(1) The corporate name of a cooperative corporation shall contain the term "cooperative" or an abbreviation thereof.
(2) The name of an association shall not contain the term "cooperative" or an abbreviation thereof unless the association is a cooperative corporation.
(b) Cross reference.--See section 7307 (relating to prohibition on use of words "electric cooperative").
(Dec. 19, 1990, P.L.834, No.198, eff. imd.)
1990 Amendment. Act 198 amended subsec. (b).
Cross References. Section 7103 is referred to in sections 7105, 7107 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 71 - Cooperative Corporations Generally
Section 7101 - Short title of subpart
Section 7102 - Cooperative corporations generally
Section 7103 - Use of term "cooperative" in corporate name
Section 7104 - Election of an existing business corporation to become a cooperative corporation
Section 7105 - Termination of status as a cooperative corporation for profit
Section 7106 - Election of an existing nonprofit corporation to become a cooperative corporation
Section 7107 - Termination of nonprofit cooperative corporation status
Section 7121 - Cooperative contracts generally
Section 7122 - Notice of cooperative contracts
Section 7123 - Filing procedures
Section 7124 - Relief against breach or threatened breach of contract; penalty for interference
Section 7125 - Action for civil penalty for inducing breach or spreading false reports