Pennsylvania worker cooperatives would be allowed to form with three people and operate with three directors, with cooperative members holding most board seats.
Groups of at least three people could form a worker cooperative to run a business. They would need to sign formation papers and meet the chapter’s requirements.
Worker cooperatives would need at least three directors on their first board and later boards. A majority of directors would have to be cooperative members.
Three or more people would be allowed to form a worker cooperative. The rule would cover cooperatives running businesses such as farming, manufacturing, or buying and selling property. Founders would need to sign the required formation papers and meet the chapter’s requirements. The rule would take effect 60 days after enactment.
Worker cooperatives would need boards with at least three directors. The minimum would apply to both the initial board named in formation papers and the board managing the cooperative. Directors would have to be individual people, and a majority would have to be cooperative members. The board rules would take effect 60 days after enactment.
No hearings or votes scheduled.