§ 7306. Articles of incorporation.

235 words·~1 min read·/pa/title-15/chapter-73/7306

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)General rule.-- The articles of incorporation shall state:

(1)The name of the corporation, which shall include the words "Electric Cooperative" and the word "Corporation," "Incorporated," "Inc." or "Company" and shall not be confusingly similar to the name of any other corporation.

(2)The purpose for which the corporation is formed.

(3)The names and addresses of the incorporators who shall serve as directors and manage the affairs of the corporation until its first annual meeting of members or until their successors are elected and qualify.

(4)The number of directors, not less than three, to be elected at the annual meetings of members.

(5)Subject to section 109 (relating to name of commercial registered office provider in lieu of registered address), the address, including street and number, if any, of its registered office.

(6)The period of duration of the corporation, which may be perpetual.

(7)The terms and conditions upon which persons will be admitted to membership and retain membership in the corporation, but, if expressly so stated, the determination of these matters may be reserved to the directors by the bylaws.

(8)Any provisions, not inconsistent with law, which the incorporators choose to insert for the regulation of the business and affairs of the corporation.

(b)Cross references.-- See section 134 (relating to docketing statement) and Subchapter A of Chapter 53 (relating to incorporation generally).

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