§ 7507. Articles of incorporation.

161 words·~1 min read·/pa/title-15/chapter-75/7507

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

Articles of incorporation of an association incorporated under this chapter shall comply with the applicable provisions of this part except that, if organized without capital stock, the articles shall state whether the property rights and interests of each member are equal or unequal and, if unequal, the priorities of those rights and interests.

15c7521h

SUBCHAPTER B

POWERS, DUTIES AND SAFEGUARDS

Sec.

7521. Special powers and limitations.

7522. Records of salary or other payments.

7523. Members.

7524. Issuance of shares.

7525. Sale, transfer or redemption of shares.

7526. Termination of membership.

7527. Voting by proxy or mail.

7528. Meetings.

7529. Fundamental changes.

7530. Bylaws.

7531. Directors.

7532. Removal of directors.

7533. Officers.

7534. Marketing arrangements.

7535. Patronage distributions.

7536. Audit of operations.

7537. Contract assignments to association.

7538. Exemption from tax on capital stock and indebtedness.

Subchapter Heading. The heading of Subchapter B was carried without amendment December 21, 1988, P.L.1444, No.177, effective October 1, 1989.

15c7521s