Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 77 - Workers' Cooperative Corporations

Extra - Chapter Notes - Enactment. Chapter 57 was added as Chapter 77 November 15,...

Section 7701 - Short title of chapter - This chapter shall be known and may be cited as...

Section 7702 - Definitions - The following words and phrases when used in this chapter...

Section 7703 - Corporations - (a) Members and purpose.--Corporations, productive and distributive, may be incorporated...

Section 7704 - Articles of incorporation - (a) Advertisement.--The incorporators shall advertise their intention to file or...

Section 7705 - Capital stock - (a) Issuance and redemption.--A corporation shall issue as capital stock...

Section 7706 - Internal capital accounts and net worth - (a) Purpose of accounts.--A corporation shall establish through its bylaws...

Section 7707 - Voting - No stockholder or member may vote by proxy or by...

Section 7708 - Acceptance and termination of membership - The articles of incorporation shall establish qualifications and the method...

Section 7709 - Power to buy, sell or trade - A corporation may buy from, sell to and trade or...

Section 7710 - Individual liability of members - Neither members of a corporation nor the estates of members...

Section 7711 - Corporate powers - Each corporation has the following powers: (1) To exist for...

Section 7712 - Investment of capital stock in other corporations - If the articles permit, a corporation may, by a majority...

Section 7713 - Meetings - After the organization of a corporation, the incorporators shall hold...

Section 7714 - Records - (a) Records requirement.--A corporation shall keep at its registered office...

Section 7715 - Audit - (a) Procedure.--At the close of each fiscal year, a complete...

Section 7716 - Directors and officers - (a) Directors.-- (1) The business of the corporation shall be...

Section 7717 - Patronage distributions - (a) Procedure.--Net earnings of a corporation may be apportioned, distributed...

Section 7718 - Indemnity - (a) Mandatory.--A corporation shall indemnify a person acting as a...

Section 7719 - Unlawful dividends - (a) Insolvency.--For shares of the corporation other than membership shares,...

Section 7720 - Amendments of articles - (a) Purpose and voting.--A corporation may amend its articles of...

Section 7721 - Bylaws - (a) Adoption, amendment and repeal.--The corporation, before commencing business, shall...

Section 7722 - Benefits bestowed on associations by compliance with this chapter - A cooperative association, whether incorporated or unincorporated, shall be entitled...

Section 7723 - Dissolution - (a) General rule.--A corporation may dissolve and wind up; may...

Section 7724 - Conversion to a corporation governed by the Business Corporation Law - (a) Amendment of articles.--A corporation may revoke its election to...

Section 7725 - Savings provisions - (a) General rule.--In relation to a corporation existing on the...

Section 7726 - Applicability - (a) General rule.--This chapter shall apply to domestic corporations incorporated...