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Section 7327 - Certificates of membership — Pennsylvania Law | CourtGPT
  1. Home/
  2. Laws/
  3. Pennsylvania/
  4. Title 15 - Corporations and Unincorporated Associations/
  5. Chapter 73 - Electric Cooperative Corporationsextra - Chapter Notes/
  6. Section 7327 - Certificates of membership
Pennsylvania Legal Code

Section 7327 - Certificates of membership

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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.