15 Pa.C.S. § 7712: Investment of capital stock in other corporations.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART D COOPERATIVE CORPORATIONS
- ARTICLE B DOMESTIC COOPERATIVE CORPORATION ANCILLARIES
- CHAPTER 77 WORKERS' COOPERATIVE 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.
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