2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 77 - Workers' Cooperative Corporations
7712 - Investment of capital stock in other corporations.

     § 7712.  Investment of capital stock in other corporations.
        If the articles permit, a corporation may, by a majority vote
     of its members at a meeting specially convened, authorize the
     directors to invest, in the name of the corporation, an amount
     of its internal capital accounts, including both individual
     capital accounts and the collective reserve accounts, in the
     capital stock of any other domestic, foreign or alien workers'
     cooperative corporations. The corporation may, by a majority
     vote of its members at a meeting specially convened, permit an
     investment in the nonvoting preferred stock of the corporation
     by any other domestic, foreign or alien workers' cooperative
     corporation.

Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.