There is a newer version of the Pennsylvania Consolidated Statutes
2015 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 73 - Electric Cooperative Corporations
Section 7332 - Dissolution
15 PA Cons Stat § 7332 (2015) What's This?
§ 7332. Dissolution.
An electric cooperative corporation may dissolve only when authorized by the affirmative vote of two-thirds of all the members of the corporation. Any assets remaining after all liabilities or obligations of the corporation have been satisfied or discharged upon dissolution shall be distributed pro rata among the members of the corporation at the time of the filing of the certificate of dissolution.
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