Chapter 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.