Pennsylvania Statutes

§ 7531 — Directors

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 75 COOPERATIVE AGRICULTURAL ASSOCIATIONS·Subch. POWERS, DUTIES AND SAFEGUARDS
(a)General rule.--The business and affairs of the association shall be managed under the direction of a board of not less than five directors who shall be natural persons of full age. All directors shall be members. The first directors shall serve until the first annual meeting of the association at which time their successors shall be elected by the members of the association. Thereafter, a director shall hold office for a term of not less than one year nor more than three years and until his successor has been elected and qualified. Every election for a director shall be by secret ballot. A director may succeed himself.
(b)Election by districts.--The bylaws may provide that the territory in which the association has members shall be divided into districts and that the directors shall

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Legislative History

Cross References.Section 7531 is referred to in section 7503 of this title.

Nearby Sections

15
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