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Section 7332 - Dissolution — Pennsylvania Law | CourtGPT
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  4. Title 15 - Corporations and Unincorporated Associations/
  5. Chapter 73 - Electric Cooperative Corporationsextra - Chapter Notes/
  6. Section 7332 - Dissolution
Pennsylvania Legal Code

Section 7332 - Dissolution

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An electric cooperative corporation may dissolve only when authorized by the affirmative vote of two-thirds of all the members of the corporation. Any assets remaining after all liabilities or obligations of the corporation have been satisfied or discharged upon dissolution shall be distributed pro rata among the members of the corporation at the time of the filing of the certificate of dissolution.