GroundRules
15 Pa.C.S. § 7112: Distributions.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART D COOPERATIVE CORPORATIONS
- ARTICLE A COOPERATIVE CORPORATIONS GENERALLY
- CHAPTER 71 COOPERATIVE CORPORATIONS GENERALLY
- SUBCHAPTER B MEMBERSHIP AND CORPORATE FINANCE
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.
Collected 2026-09-02T16:31:13Z. Source file · JSON