Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS |
PARTII. CORPORATIONS |
SUBPARTD. COOPERATIVE CORPORATIONS |
ARTICLEB. DOMESTIC COOPERATIVE CORPORATION ANCILLARIES |
CHAPTER73. ELECTRIC COOPERATIVE CORPORATIONS |
SUBCHAPTERB. POWERS, DUTIES AND SAFEGUARDS |
§7327. Certificates of membership.
Latest version.
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When a member of an electric cooperative corporation has paid the membership fee in full, a certificate of membership shall be issued to the member. Memberships in the corporation and the certificates shall be nontransferable. The certificate of membership shall be surrendered to the corporation upon the resignation, expulsion or death of the member.