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Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
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Title15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS |
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PARTII. CORPORATIONS |
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SUBPARTD. COOPERATIVE CORPORATIONS |
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ARTICLEB. DOMESTIC COOPERATIVE CORPORATION ANCILLARIES |
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CHAPTER73. ELECTRIC COOPERATIVE CORPORATIONS |
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SUBCHAPTERB. POWERS, DUTIES AND SAFEGUARDS |
§7329. Directors.
Latest version.
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(a) General rule.--The business and affairs of an electric cooperative corporation shall be managed under the direction of a board of not less than three directors who shall be natural persons of full age. All directors shall be members.
(b) Vacancies.--Any vacancy occurring in the board and any directorship to be filled shall be filled, as provided in the bylaws, by persons who shall serve until directors may be regularly elected.