Pennsylvania HB135 amends the articles of incorporation and governance rules for workers' cooperative corporations.
HB135 amends Title 15 of the Pennsylvania Consolidated Statutes to modify the requirements for workers' cooperative corporations. It reduces the minimum number of directors from five to three, with at least a majority being members. The bill also adjusts the term length for directors, allowing them to serve between one and three years. The changes apply to the articles of incorporation, which must now include the number of directors and their names and addresses.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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