Pennsylvania Statutes

§ 7125 — Action for civil penalty for inducing breach or spreading false reports

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 71 COOPERATIVE CORPORATIONS GENERALLY·Subch. COOPERATIVE CONTRACTS
In addition to the remedies provided in section 7124(b) (relating to relief against third parties), any person who knowingly and maliciously induces or attempts to induce any member of a cooperative corporation to breach a cooperative contract or who knowingly and maliciously spreads any false report about the finances or management of a cooperative corporation shall be liable, in a civil action, to the corporation aggrieved, in the amount of $500 for each offense.

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