reglab/housing_qa huggingface dataset:
15 PA Cons Stat § 7104 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7104 - Election of an existing business corporation to become a cooperative corporation

§ 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 a plan of conversion: (i) providing for the redemption by the corporation of all of its shares, whether or not redeemable by the terms of its articles, if the corporation is to be organized as a nonstock corporation; and  (ii) adjusting its affairs so as to comply with the requirements of this chapter applicable to cooperative corporations.  (2) Filing articles of amendment which shall contain, in addition to the requirements of section 1915 (relating to articles of amendment):  (i) A statement that the corporation elects to become a cooperative corporation. (ii) The provisions required by section 7102(a) (relating to cooperative corporations generally) to be set forth in the articles of a cooperative corporation.  (iii) If the corporation is to be a nonstock corporation, a statement that the corporation is organized on a nonstock basis.  (iv) Such other changes, if any, that may be desired in the articles. (b) Procedure.--The plan of conversion of the corporation into a cooperative corporation (which plan shall include the amendment of the articles required by subsection (a)) shall be adopted in accordance with the requirements of Subchapter B of Chapter 19 (relating to amendment of articles) except that:  (1) The holders of shares of every class shall be entitled to vote on the plan regardless of any limitations stated in the articles or bylaws on the voting rights of any class.  (2) The plan must be approved by two-thirds of the votes cast by all shares of each class. (3) If any shareholder of a business corporation that adopts a plan of conversion into a cooperative corporation objects to the plan of conversion and complies with the provisions of Subchapter D of Chapter 15 (relating to dissenters rights), the shareholder shall be entitled to the rights and remedies of dissenting shareholders therein provided. There shall be included in or enclosed with the notice of the meeting of shareholders called to act upon the plan of conversion a copy or a summary of the plan and a copy of Subchapter D of Chapter 15 and of this subsection.  (4) The plan shall not impose any additional liability upon any existing patron of the business of the corporation, whether or not that person becomes a member of the corporation pursuant to the plan, unless the patron expressly assumes such liability.  (Dec. 19, 1990, P.L.834, No.198, eff. imd.)   1990 Amendment. Act 198 added section 7104.  Cross References. Section 7104 is referred to in sections 351, 1571 of this title.
15 PA Cons Stat § 7105 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7105 - Termination of status as a cooperative corporation for profit

§ 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 a plan of conversion: (i) providing for the issue of appropriate shares to its members if it is organized as a nonstock corporation and is not to continue as such; and  (ii) adjusting its affairs so as to comply with the requirements of this subpart applicable to business corporations that are not cooperative corporations.  (2) Amending its articles to delete therefrom the additional provisions required or permitted by:  (i) sections 2102(a)(1) (relating to formation of nonstock corporations) and 2103 (relating to contents of articles and other documents of nonstock corporations) to be stated in the articles of a nonstock corporation if it is organized as a nonstock corporation and is not to continue as such;  (ii) section 7102(a) (relating to cooperative corporations generally) to be stated in the articles of a cooperative corporation; and  (iii) section 7103 (relating to use of term "cooperative" in corporate name). (b) Procedure.--The plan of conversion (which plan shall include the amendment of the articles required by this section) shall be adopted in accordance with Subchapter B of Chapter 19 (relating to amendment of articles) except that:  (1) The members of every class shall be entitled to vote on the plan regardless of any limitations stated in the articles or bylaws, or in a document evidencing membership, on the voting rights of any class.  (2) The plan must be approved by a majority of the votes cast by the members of each class. (c) Increased vote requirements.--The bylaws of a cooperative corporation for profit adopted by the shareholders or members may provide that, on any amendment to terminate its status as a cooperative corporation, a vote greater than that specified in subsection (b) shall be required. If the bylaws contain such a provision, that provision shall not be amended, repealed or modified by any vote less than that required to terminate the status of the corporation as a cooperative corporation.  (Dec. 19, 1990, P.L.834, No.198, eff. imd.)   1990 Amendment. Act 198 added section 7105.  Cross References. Section 7105 is referred to in section 351 of this title.
15 PA Cons Stat § 7106 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7106 - Election of an existing nonprofit corporation to become a cooperative corporation

§ 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 plan of conversion adjusting its affairs so as to comply with the requirements of this chapter applicable to cooperative corporations.  (2) Filing articles of amendment which shall contain, in addition to the requirements of section 5915 (relating to articles of amendment):  (i) A statement that the corporation elects to become a cooperative corporation. (ii) The provisions required by section 7102(a) (relating to cooperative corporations generally) to be set forth in the articles of a cooperative corporation.  (iii) Such other changes, if any, that may be desired in the articles. (b) Procedure.--The plan of conversion of the corporation into a cooperative corporation (which plan shall include the amendment of the articles required by subsection (a)) shall be adopted in accordance with the requirements of Subchapter B of Chapter 59 (relating to amendment of articles) except that:  (1) The members of every class shall be entitled to vote on the plan regardless of any limitations stated in the articles or bylaws, or in a document evidencing membership, on the voting rights of any class.  (2) The plan must be approved by two-thirds of the votes cast by the members of each class. (3) The plan shall not impose any additional liability upon any existing patron of the business of the corporation, whether or not that person becomes a member of the corporation pursuant to the plan, unless the patron expressly assumes such liability.  (Dec. 19, 1990, P.L.834, No.198, eff. imd.)   1990 Amendment. Act 198 added section 7106.  Cross References. Section 7106 is referred to in section 351 of this title.
15 PA Cons Stat § 7107 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7107 - Termination of nonprofit cooperative corporation status

§ 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 plan of conversion adjusting its affairs so as to comply with the requirements of this subpart applicable to nonprofit corporations that are not cooperative corporations.  (2) Amending its articles to delete therefrom the additional provisions required or permitted by:  (i) section 7102(a) (relating to cooperative corporations generally) to be stated in the articles of a cooperative corporation; and  (ii) section 7103 (relating to use of term "cooperative" in corporate name). (b) Procedure.--The plan of conversion (which plan shall include the amendment of the articles required by this section) shall be adopted in accordance with Subchapter B of Chapter 59 (relating to amendment of articles) except that:  (1) The members of every class shall be entitled to vote on the plan regardless of any limitations stated in the articles or bylaws, or in a document evidencing membership, on the voting rights of any class.  (2) The plan must be approved by a majority of the votes cast by the members of each class. (c) Increased vote requirements.--The bylaws of a nonprofit cooperative corporation adopted by the members may provide that, on any amendment to terminate its status as a cooperative corporation, a vote greater than that specified in subsection (b) shall be required. If the bylaws contain such a provision, that provision shall not be amended, repealed or modified by any vote less than that required to terminate the status of the corporation as a cooperative corporation.  (Dec. 19, 1990, P.L.834, No.198, eff. imd.)   1990 Amendment. Act 198 added section 7107.  Cross References. Section 7107 is referred to in section 351 of this title.
15 PA Cons Stat § 7111 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7111 - Voting rights

§ 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 of interests in real property or market shares or similar divisions of useful property or cooperative activity, in which case the articles or a bylaw adopted by the members may provide for voting on the basis of apartment units or market shares or other similar units of useful property or cooperative activity.
15 PA Cons Stat § 7112 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7112 - Distributions

§ 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 members or patrons in conformity with the purposes for which it is incorporated. A patronage rebate or dividend that is, or is equivalent to, a reduction in the charge made by a cooperative corporation to a member for goods or services shall not constitute a dividend or distribution within the meaning of this part or any other provision of law.
15 PA Cons Stat § 7121 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7121 - Cooperative contracts generally

§ 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 to: (1) Sell, market or deliver to or through the corporation or any facilities furnished by it, all or any specified part of products produced or to be produced either by the member or under the control of the member. (2) Authorize the corporation or any facilities furnished by it to act for the member in any manner with respect to all or any specified part of products produced or to be produced either by the member or under the control of the member. (3) Buy or procure from or through the corporation or any facilities furnished by it, all or any specified part of goods or services to be bought or procured by the member. (4) Authorize the corporation or any facilities furnished by it to act for the member in any manner in the procurement of goods or the procurement or performance of services.  (b) Damages for breach.--A contract authorized by subsection (a) may fix and require liquidated damages to be paid by the member to the cooperative corporation in the event of breach of the contract by the member. Liquidated damages may be a percentage of the value or a specific amount per unit of the products, goods or services involved in or the subject of the breach, or a specific sum.  (c) Collective action.--Two or more cooperative corporations may contract and act in association, corporate or otherwise, to perform collectively any of their powers, purposes or contracts.  (d) Definition.--A contract described in subsection (a) is referred to in this subchapter as a "cooperative contract," and, unless the context otherwise requires, the term means the original cooperative contract and any amendments.    Cross References. Section 7121 is referred to in section 7123 of this title.
15 PA Cons Stat § 7122 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7122 - Notice of cooperative contracts

§ 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 of providing notice of its existence and contents as provided in subsection (b). If the corporation has substantially uniform cooperative contracts with more than one member, it may, in lieu of filing the original contracts, file: (1) A true copy of the uniform contract; and (2) A list or lists of the names and addresses of members who have executed the contract and the effective date of the contract as to each such member.  (b) Effect of filing.--Filing pursuant to section 7123 shall operate as constructive notice to all persons of the existence and contents of the cooperative contract. Any right, title, interest or lien created as to the products covered by the contract subsequent to such filing while such filing is in effect is subject to the right, title or interest of the cooperative corporation under the contract. If the member creates any mortgage upon or other security interest in any such products subsequent to the filing of the contract and if the member and the mortgagee or secured party jointly notify the corporation in writing of the existence and amount of the mortgage or other security interest, all payments which after such notice become due from the corporation to that member by reason of the sale or other handling of those products by the corporation shall be paid by the corporation to the mortgagee or other secured interest until the amount of the mortgage or the sum due the secured party has been paid, and the balance thereafter shall be paid to the member.
15 PA Cons Stat § 7124 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7124 - Relief against breach or threatened breach of contract; penalty for interference

§ 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 injunction to prevent the breach or any further breach thereof, and to a decree of specific performance thereof. Upon showing the breach or threatened breach and upon filing a sufficient bond, the corporation shall be entitled to a preliminary or special injunction.  (b) Relief against third parties.--Any person who, with knowledge that a cooperative contract exists, induces or attempts to induce any member to breach the contract, or who in any manner aids a breach of the contract, shall be liable to the cooperative corporation for damages caused by such interference. The corporation shall also be entitled to an injunction to prevent any interference or further interference with the contract.    Cross References. Section 7124 is referred to in section 7125 of this title.
15 PA Cons Stat § 7125 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 71 - Cooperative Corporations Generally|Section 7125 - Action for civil penalty for inducing breach or spreading false reports

§ 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 to induce any member of a cooperative corporation to breach a cooperative contract or who knowingly and maliciously spreads any false report about the finances or management of a cooperative corporation shall be liable, in a civil action, to the corporation aggrieved, in the amount of $500 for each offense.
15 PA Cons Stat § 7301 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7301 - Short titles

§ 7301. Short titles. (a) Short title of chapter.--This chapter shall be known and may be cited as the Electric Cooperative Law of 1990.  (b) Short title of Subchapter C.--Subchapter C shall be known and may be cited as the Unincorporated Area Certified Territory Law of 1990.
15 PA Cons Stat § 7302 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7302 - Application of chapter

§ 7302. Application of chapter. (a) General rule.--This chapter shall apply to and, unless the context clearly indicates otherwise, the term "corporation" or "electric cooperative corporation" in this chapter shall mean a corporation incorporated under:  (1) the act of June 21, 1937 (P.L.1969, No.389), known as the Electric Cooperative Corporation Act; or  (2) this chapter. (b) Provisions complete in themselves.--The provisions of this chapter, as supplemented by or pursuant to Subchapters A (relating to general provisions) and C (relating to cooperative contracts) of Chapter 71, are complete in themselves and shall be controlling. The provisions of any other law of this Commonwealth, except as provided in Part V of Title 1 (relating to statutory construction) and in this chapter, shall not apply to a corporation subject to this chapter.    Cross References. Section 7302 is referred to in section 7308 of this title; section 8201 of Title 68 (Real and Personal Property).
15 PA Cons Stat § 7303 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7303 - Definitions

§ 7303. Definitions.  The following words and phrases when used in this subchapter and Subchapter B (relating to powers, duties and safeguards) shall have the meanings given to them in this section unless the context clearly indicates otherwise:  "Acquire." Construct or acquire by purchase, lease, devise, gift or other mode of acquisition.  "Board." A board of directors of a corporation.  "Federal agency." Includes the United States of America and any department, administration, commission, board, bureau, office, establishment, agency, authority or instrumentality of the United States of America, heretofore or hereafter created.  "Member." The incorporators of a corporation and each person thereafter lawfully admitted to membership therein.  "Obligations." Includes bonds, notes, debentures, interim certificates or receipts and all other evidences of indebtedness issued by a corporation, whether secured or unsecured.  "Person." Includes any Federal agency, State or political subdivision thereof or any body politic.  "Rural area." Any area, not included within the boundaries of any incorporated or unincorporated city, town, village or borough, having a population in excess of 2,500 inhabitants, including both the farm and nonfarm population thereof.
15 PA Cons Stat § 7304 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7304 - Number and qualifications of incorporators

§ 7304. Number and qualifications of incorporators.  Three or more natural persons of full age who are residents of this Commonwealth may incorporate an electric cooperative corporation.
15 PA Cons Stat § 7305 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7305 - Purpose

§ 7305. Purpose.  Nonprofit cooperative corporations may be organized under this chapter for the purpose of engaging in rural electrification by any one or more of the following methods: (1) Furnishing of electric energy to persons in rural areas who are not receiving central station service. (2) Assisting in the wiring of the premises of persons in rural areas or the acquisition, supply or installation of electrical or plumbing equipment therein. (3) Furnishing of electric energy, wiring facilities, electrical or plumbing equipment or services to any other corporation or to the members thereof.
15 PA Cons Stat § 7306 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7306 - Articles of incorporation

§ 7306. Articles of incorporation.   (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).
15 PA Cons Stat § 7307 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS|Chapter 73 - Electric Cooperative Corporations|Section 7307 - Prohibition on use of words "electric cooperative."

§ 7307. Prohibition on use of words "electric cooperative."  The words "electric cooperative" shall not be used in the corporate name of any domestic or foreign corporation for profit or not-for-profit other than a corporation existing under this chapter.    Cross References. Section 7307 is referred to in section 7103 of this title.