19 Pa. Code § 17.7 - Cooperative names
(a) Section 7103
of the CCL (relating to use of term "cooperative" in corporate name) provides
that, except as otherwise provided by statute:
(1) The corporate name of a cooperative
corporation shall contain the term "cooperative" or an abbreviation
thereof.
(2) The name of an
association may not contain the term "cooperative" or an abbreviation thereof
unless the association is a cooperative corporation.
(b) In section 7307 of the code (relating to
prohibition on use of words "electric cooperative") it is provided that the
words "electric cooperative" may not be used in the corporate name of a
domestic or foreign corporation for profit or not-for-profit, other than a
corporation existing under Chapter 73 of the code (relating to Electric
Cooperative Law of 1990).
(c) In
section 104 of Credit Union Law (relating to prohibition on use of words
"credit union," etc.) it is provided that only a credit union subject to the
Credit Union Law, a Federal credit union or a credit union organized in
accordance with a state credit union statute may use the words "credit union"
in its corporate name.
(d) In
54 Pa.C.S. §
311(f)(4) (relating to
registration), it is provided that the word "cooperative" or an abbreviation
thereof cannot be used by an entity as part of a fictitious name unless the
entity is subject to the CCL.
Notes
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