Five or more individuals of full age engaging in agriculture or two or more cooperative agricultural associations may incorporate an association. If an association is incorporated by individuals, at least three of the individuals shall be residents of this Commonwealth. If an association is incorporated by cooperative agricultural associations, at least one of the associations shall be a domestic association.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 75 - Cooperative Agricultural Associations
Section 7501 - Short title of chapter
Section 7502 - Application of chapter
Section 7505 - Number and qualifications of incorporators
Section 7507 - Articles of incorporation
Section 7521 - Special powers and limitations
Section 7522 - Records of salary or other payments
Section 7524 - Issuance of shares
Section 7525 - Sale, transfer or redemption of shares
Section 7526 - Termination of membership
Section 7527 - Voting by proxy or mail
Section 7529 - Fundamental changes
Section 7532 - Removal of directors
Section 7534 - Marketing arrangements
Section 7535 - Patronage distributions
Section 7536 - Audit of operations
Section 7537 - Contract assignments to association
Section 7538 - Exemption from tax on capital stock and indebtedness