15 Pennsylvania Consolidated Statutes Chapter 71 - Cooperative Corporations Generally

• Chapter Notes

Subchapter A.  General Provisions

• Section 7101 - Short Title Of Subpart
  This subpart shall be known and may be cited as the Cooperative Corporation Law of 1988.
• Section 7102 - Cooperative Corporations Generally
  (a) General rule.--Any corporation incorporated under this part may be organized on the cooperative principle by setting forth in its articles a common bond...
• Section 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...
• Section 7104 - Election Of An Existing Business Corporation To Become A Cooperative Corporation
  (a) General rule.--Any business corporation not organized on the cooperative principle may become a cooperative corporation for profit under this chapter by: (1) Adopting...
• Section 7105 - Termination Of Status As A Cooperative Corporation For Profit
  (a) General rule.--A cooperative corporation for profit may terminate its status as such and cease to be subject to this chapter by: (1) Adopting...
• Section 7106 - Election Of An Existing Nonprofit Corporation To Become A Cooperative Corporation
  (a) General rule.--Any nonprofit corporation not organized on the cooperative principle may become a nonprofit cooperative corporation under this chapter by: (1) Adopting a...
• Section 7107 - Termination Of Nonprofit Cooperative Corporation Status
  (a) General rule.--A nonprofit cooperative corporation may terminate its status as such and cease to be subject to this chapter by: (1) Adopting a...

Subchapter B.  Membership and Corporate Finance

• Section 7111 - Voting Rights
  Except as otherwise provided by statute, each member of a cooperative corporation shall have one vote, unless the corporation is organized on the basis...
• Section 7112 - Distributions
  Notwithstanding section 5551 (relating to dividends prohibited; compensation and certain payments authorized), a cooperative corporation may make patronage rebates or other distributions to its...

Subchapter C.  Cooperative Contracts

• Section 7121 - Cooperative Contracts Generally
  (a) General rule.--A contract between a cooperative corporation and any member, whether contained in the bylaws or a separate writing, may require the member...
• Section 7122 - Notice Of Cooperative Contracts
  (a) General rule.--A cooperative corporation may file any cooperative contract in the manner provided in section 7123 (relating to filing procedures) for the purpose...
• Section 7123 - Filing Procedures
  (a) Place and method of filing.--The proper place to file a cooperative contract authorized by section 7121(a)(1) or (2) (relating to cooperative contracts generally)...
• Section 7124 - Relief Against Breach Or Threatened Breach Of Contract; Penalty For Interference
  (a) Relief against member.--In the event of a breach or threatened breach of a cooperative contract, the cooperative corporation shall be entitled to an...
• Section 7125 - Action For Civil Penalty For Inducing Breach Or Spreading False Reports
  In addition to the remedies provided in section 7124(b) (relating to relief against third parties), any person who knowingly and maliciously induces or attempts...

Last modified: October 8, 2016