{"data":{"id":"us-pa/15-pa.c.s.-7102","jurisdiction":"us-pa","citation":"15 Pa.C.S. § 7102","heading":"Cooperative corporations generally.","body":"(a) General rule.--Any corporation incorporated under this part may be organized on the cooperative principle by setting forth in its articles a common bond of membership among its shareholders or members by reason of occupation, residence or otherwise and that it is a cooperative corporation.\n(b) Applicable law.--A corporation incorporated under this subpart shall be governed by the applicable provisions of this subpart and, to the extent not inconsistent with this subpart:\n(1) Subpart B (relating to business corporations) if its articles state that it is incorporated for a purpose or purposes involving pecuniary profit, incidental or otherwise, to its shareholders or members or if its articles are silent on the subject.\n(2) Subpart C (relating to nonprofit corporations) if:\n(i) its articles state that it is incorporated for a purpose or purposes not involving pecuniary profit; or\n(ii) it is subject to Chapter 73 (relating to electric cooperative corporations).\n(c) Credit unions.--This subpart shall not apply to a credit union, whether proposed or existing, except as otherwise provided by Title 17 (relating to credit unions).\n(d) Workers' cooperative corporations.--Except as otherwise expressly provided in Chapter 77 (relating to workers' cooperative corporations), only Chapters 1 (relating to general provisions), 5 (relating to corporations) and 77 shall apply to a corporation subject to Chapter 77. A cooperative corporation may be incorporated under this chapter notwithstanding the fact that its corporate purposes consist of or include a purpose or purposes within the scope of Chapter 77.","path":["Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS","PART II CORPORATIONS","SUBPART D COOPERATIVE CORPORATIONS","ARTICLE A COOPERATIVE CORPORATIONS GENERALLY","CHAPTER 71 COOPERATIVE CORPORATIONS GENERALLY","SUBCHAPTER A GENERAL PROVISIONS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=15\u0026div=0\u0026chpt=71\u0026sctn=2\u0026subsctn=0","current_through":"2026-07-28 (Statute Update stamp, 15 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:13Z","sha256":"b1fe4feac59c73c968c56f2bae820a6e1fdaf6662dbbd038239a77cdac1fc132","source_id":"us-pa","stale":false,"prev":"us-pa/15-pa.c.s.-7101","next":"us-pa/15-pa.c.s.-7103"},"notice":"GroundRules: Original legal text. Not legal advice."}