§ 7103. Use of term "cooperative" in corporate name.
(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.
Section: Previous 7101 7102 7103 7104 7105 7106 7107 7111 7112 7121 7122 7123 7124 7125 NextLast modified: October 8, 2016