No State or local tax shall be levied or placed upon the capital stock of an association or upon any scrip, bonds, certificates or other evidences of indebtedness issued by such association. The association shall not be required to file in the Department of Revenue, or with any other State or local official of this Commonwealth, the reports relative to such taxes as are or may be required of corporations not exempt from the payment of such taxes. CHAPTER 77 WORKERS' COOPERATIVE CORPORATIONS Sec. 7701. Short title of chapter. 7702. Definitions. 7703. Corporations. 7704. Articles of incorporation. 7705. Capital stock. 7706. Internal capital accounts and net worth. 7707. Voting. 7708. Acceptance and termination of membership. 7709. Power to buy, sell or trade. 7710. Individual liability of members. 7711. Corporate powers. 7712. Investment of capital stock in other corporations. 7713. Meetings. 7714. Records. 7715. Audit. 7716. Directors and officers. 7717. Patronage distributions. 7718. Indemnity. 7719. Unlawful dividends. 7720. Amendments of articles. 7721. Bylaws. 7722. Benefits bestowed on associations by compliance with this chapter. 7723. Dissolution. 7724. Conversion to a corporation governed by the Business Corporation Law. 7725. Savings provisions. 7726. Applicability. Prior Provisions. Former Chapter 77, which related to officers, directors and members of nonprofit corporations, was added November 15, 1972, P.L.1063, No.271, and renumbered to Chapter 57 December 21, 1988, P.L.1444, No.177, effective October 1, 1989.
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