CHAPTER 7-6.2
Workers' Cooperatives

Index Of Sections

§ 7-6.2-1. Legislative purpose.
§ 7-6.2-2. Definitions.
§ 7-6.2-3. Corporations organized under general corporation law; election to be governed as workers' cooperative.
§ 7-6.2-4. Application of general corporation law – Business corporation tax – Other taxes and programs.
§ 7-6.2-5. Revocation of election.
§ 7-6.2-6. Members –Membership shares – Fees – Rights and responsibilities.
§ 7-6.2-7. Voting shares – Bylaws – Amendment of certificate of incorporation.
§ 7-6.2-8. Net earnings or losses – Apportionment, distribution, and payment.
§ 7-6.2-9. Directors; officers.
§ 7-6.2-10. Internal capital accounts – Recall or redemption of shares – Interest – Collective reserve account.
§ 7-6.2-11. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger.
§ 7-6.2-12. Severability.