{"data":{"id":"us-pa/15-pa.c.s.-2125","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 2125","heading":"Inapplicability of certain provisions to nonstock corporations.","body":"(a) Share structure.--The provisions of Subchapter B of Chapter 15 (relating to shares and other securities) shall not be applicable to a nonstock corporation. A nonstock corporation shall not create or issue shares.\n(b) Corporate finance.--A patronage rebate or dividend that is, or is equivalent to, a reduction in the charge made by a nonstock corporation to a member for goods or services shall not constitute a dividend or distribution within the meaning of section 1551 (relating to distributions to shareholders).","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART B BUSINESS CORPORATIONS","ARTICLE C DOMESTIC BUSINESS CORPORATION ANCILLARIES","CHAPTER 21 NONSTOCK CORPORATIONS","SUBCHAPTER B POWERS, DUTIES AND SAFEGUARDS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=21\u0026sctn=25\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"c21bfbd30f4e9b064a3661c9c5f312188670b8d4e0816a1149375cecd3804d5a","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-2124","next":"us-pa/15-pa.c.s.-2126"},"notice":"GroundRules: Original legal text. Not legal advice."}