An Act amending Title 15 (Corporations and Unincorporated Associations) of the Pennsylvania Consolidated Statutes, in workers' cooperative corporations, further providing for corporations, for articles of incorporation and for directors and officers.

Summary

The legislation changes state corporate law so a cooperative can be organized with as few as three members instead of five, and its initial board can consist of three directors. It also sets new rules for director elections, terms, and member voting rights, aiming to make it easier to start and run worker‑owned businesses.

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