7111 - Voting rights. - Pennsylvania Statutes

SUBCHAPTER B MEMBERSHIP AND CORPORATE FINANCE Sec. 7111. Voting rights. 7112. Distributions. § 7111. Voting rights. Except as otherwise provided by statute, each member of a cooperative corporation shall have one vote, unless the corporation is organized on the basis of interests in real property or market shares or similar divisions of useful property or cooperative activity, in which case the articles or a bylaw adopted by the members may provide for voting on the basis of apartment units or market shares or other similar units of useful property or cooperative activity.