Current through Register Vol. 54, No. 24, June 15, 2024
Section 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.The provisions of this § 17.7 adopted June 22, 1973, effective 6/23/1973, 3 Pa.B. 1164; amended January 27, 1984, effective 1/28/1984, 14 Pa.B. 336; amended April 17, 1992, effective 4/18/1992, 22 Pa.B. 1993.