Pennsylvania § 303 - Articles of incorporation.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 303 — Articles of incorporation., with citation guidance and answers to common questions.
§ 303. Articles of incorporation.
(a) General rule.--Articles of incorporation shall be signed by each of the incorporators. The articles of incorporation shall set forth:
(1) The name of the proposed credit union, which shall contain the words "credit union."
(2) The class of services to be performed by the credit union, which services shall be within the scope of activities of such associations as set forth in this title.
(3) The principal place where its business is to be transacted, which shall be within this Commonwealth.
(4) The term for which it is to exist, which may be perpetual.
(5) The par value of its shares.
(6) The names and post office addresses of the incorporators and the number of shares subscribed by each.
(7) The names and residences of each of the first directors, not less than five in number, who shall serve until the first annual meeting of the credit union, and the name and residence of the treasurer.
(8) The common bond of membership.
(9) Any provision, not inconsistent with law, which the incorporators may choose to insert for the regulation of the business and the internal affairs of the credit union.
(b) Maintenance of copies.--A copy of the original articles of incorporation of the credit union and all amendments thereto shall be maintained by the credit union.
(June 18, 2014, P.L.754, No.62, eff. 60 days)
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 303
What does Pennsylvania Consolidated Statutes § 303 cover?
Section 303 ("Articles of incorporation.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 303?
A common citation format is "Pennsylvania Consolidated Statutes § 303" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.