After the organization of a corporation, the incorporators shall hold an organizational meeting at a time and place fixed by the board of directors and shall adopt a set of bylaws. Not less than ten days' written notice of the meeting shall be given to each incorporator. Thereafter, there shall be at least one meeting of members each year. Annual and special membership meetings shall be governed by the corporation's bylaws. The bylaws shall provide for the giving of notice to members of each meeting of the corporation. For all meetings of the corporation, notice as provided in this section need not be given to members or other stockholders to whom the notice may be required by this chapter if a written waiver of the notice is executed before or after the meeting by each individual and is filed with the records of the meeting.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 77 - Workers' Cooperative Corporations
Section 7701 - Short title of chapter
Section 7704 - Articles of incorporation
Section 7706 - Internal capital accounts and net worth
Section 7708 - Acceptance and termination of membership
Section 7709 - Power to buy, sell or trade
Section 7710 - Individual liability of members
Section 7711 - Corporate powers
Section 7712 - Investment of capital stock in other corporations
Section 7716 - Directors and officers
Section 7717 - Patronage distributions
Section 7719 - Unlawful dividends
Section 7720 - Amendments of articles
Section 7722 - Benefits bestowed on associations by compliance with this chapter
Section 7724 - Conversion to a corporation governed by the Business Corporation Law