15 Pennsylvania Consolidated Statutes Chapter 75 - Cooperative Agricultural Associations
Subchapter A. Preliminary Provisions
- Section 7501 - Short Title Of Chapter
This chapter shall be known and may be cited as the Cooperative Agricultural Association Law of 1990.
- Section 7502 - Application Of Chapter
(a) General rule.--Except as otherwise provided in subsections (b) and (c), this chapter applies to and the word "association" in this chapter means a...
- Section 7503 - Definitions
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly...
- Section 7504 - Policy
(a) General rule.--It is the policy of this Commonwealth, as one means of improving the economic position of agriculture, to encourage the organization of...
- Section 7505 - Number And Qualifications Of Incorporators
Five or more individuals of full age engaging in agriculture or two or more cooperative agricultural associations may incorporate an association. If an association...
- Section 7506 - Purposes
An association may be incorporated under this chapter for the purpose of engaging in any cooperative activity for producers of agricultural products in connection...
- Section 7507 - Articles Of Incorporation
Articles of incorporation of an association incorporated under this chapter shall comply with the applicable provisions of this part except that, if organized without...
Subchapter B. Powers, Duties and Safeguards
- Section 7521 - Special Powers And Limitations
(a) General rule.--Each association shall have power (in addition to or limitation of the powers conferred by section 1502 (relating to general powers) or...
- Section 7522 - Records Of Salary Or Other Payments
Every association shall keep a record of all salaries, per diem payments or other remuneration paid to each officer and director by the association...
- Section 7523 - Members
An association shall admit to membership only persons who are engaging in agriculture, including both tenants and landlords receiving a share of the crop,...
- Section 7524 - Issuance Of Shares
(a) General rule.--Every association without capital stock shall issue a certificate of membership to each member. Every association with capital stock shall issue a...
- Section 7525 - Sale, Transfer Or Redemption Of Shares
(a) General rule.--The common shares of an association may be transferred only with the consent of the association and on the books of the...
- Section 7526 - Termination Of Membership
(a) General rule.--Under the terms and conditions prescribed in the bylaws, a member of an association without capital stock shall lose his membership and...
- Section 7527 - Voting By Proxy Or Mail
(a) General rule.--Unless otherwise provided in the bylaws, no member may vote by proxy or by mail. No unrevoked proxy shall be valid more...
- Section 7528 - Meetings
There shall be at least one meeting of members or delegates each year. Annual and special membership or delegate meetings shall be governed by...
- Section 7529 - Fundamental Changes
(a) General rule.--An association, by action of its members or delegates, may amend its articles of incorporation in the manner provided by the applicable...
- Section 7530 - Bylaws
(a) General rule.--The bylaws may provide for the following matters: (1) The time, place and manner of calling and conducting meetings of the members...
- Section 7531 - Directors
(a) General rule.--The business and affairs of the association shall be managed under the direction of a board of not less than five directors...
- Section 7532 - Removal Of Directors
A director may be removed from office by the affirmative vote of not less than a majority of the members present and voting at...
- Section 7533 - Officers
The board shall elect a president, a secretary and a treasurer and may elect one or more vice presidents and any other officers as...
- Section 7534 - Marketing Arrangements
(a) General rule.--An association and its members may make and execute contracts requiring the members to obtain all or any part of specific services...
- Section 7535 - Patronage Distributions
(a) General rule.--The net proceeds or savings of an association shall be apportioned, distributed and paid periodically on the basis of patronage to those...
- Section 7536 - Audit Of Operations
(a) General rule.--At the close of each fiscal year, a complete certified audit of the operations of the association shall be made by a...
- Section 7537 - Contract Assignments To Association
If any contract authorized by a cooperative contains an assignment to the association of any part or all of funds due or to become...
- Section 7538 - Exemption From Tax On Capital Stock And Indebtedness
No State or local tax shall be levied or placed upon the capital stock of an association or upon any scrip, bonds, certificates or...
Last modified: October 8, 2016