§ 13.1-352 Voting rights
A. No shares other than membership shares shall be given voting rights in a worker cooperative.
B. The power to amend or repeal bylaws of a worker cooperative shall be in the members only, except to the extent that directors are authorized to amend or repeal the bylaws.
C. Voting on amendments to the articles of incorporation of a worker cooperative shall be limited to the members qualified to vote membership shares.
D. Each member with a membership share shall have one vote in any matter requiring voting by shareholders.
History
This law was first created in 2020. The record of its establishment is cataloged in chapter 673 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2020, c. 673.