{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-347.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-347.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-347.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-347.html"}],"law_id":65277,"edition_id":1,"section_id":65277,"structure_id":15065,"section_number":"13.1-347","catch_line":"Formation of worker cooperative; purpose","history":"2020, c. 673.","full_text":"A\n\nAny corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 may elect to be governed as a worker cooperative in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative.B\n\nA worker cooperative may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members.","order_by":null,"text":{"0":{"id":237405,"text":"Any corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 may elect to be governed as a worker cooperative in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":237406,"text":"A worker cooperative may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15065,"edition_id":1,"name":"Worker Cooperatives","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13350,"metadata":{},"date_created":"2026-06-26 03:51:55","date_modified":"2026-06-26 03:51:55","permalink":{"id":149725,"object_type":"structure","relational_id":15065,"identifier":"3","token":"13.1\/3\/3","url":"\/13.1\/3\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13350,"edition_id":1,"name":"Cooperative Associations","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":149519,"object_type":"structure","relational_id":13350,"identifier":"3","token":"13.1\/3","url":"\/13.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81172,"structure_id":15065,"section_number":"13.1-346","catch_line":"Definitions","url":"\/13.1-346\/","token":"13.1\/3\/3\/13.1-346","metadata":false},{"id":65277,"structure_id":15065,"section_number":"13.1-347","catch_line":"Formation of worker cooperative; purpose","url":"\/13.1-347\/","token":"13.1\/3\/3\/13.1-347","metadata":false},{"id":76974,"structure_id":15065,"section_number":"13.1-348","catch_line":"Name","url":"\/13.1-348\/","token":"13.1\/3\/3\/13.1-348","metadata":false},{"id":66139,"structure_id":15065,"section_number":"13.1-349","catch_line":"Application of other laws","url":"\/13.1-349\/","token":"13.1\/3\/3\/13.1-349","metadata":false},{"id":71172,"structure_id":15065,"section_number":"13.1-350","catch_line":"Revocation of election to be governed as worker cooperative; limitation on mergers","url":"\/13.1-350\/","token":"13.1\/3\/3\/13.1-350","metadata":false},{"id":57441,"structure_id":15065,"section_number":"13.1-351","catch_line":"Qualifications of members; membership shares","url":"\/13.1-351\/","token":"13.1\/3\/3\/13.1-351","metadata":false},{"id":72812,"structure_id":15065,"section_number":"13.1-352","catch_line":"Voting rights","url":"\/13.1-352\/","token":"13.1\/3\/3\/13.1-352","metadata":false},{"id":65842,"structure_id":15065,"section_number":"13.1-353","catch_line":"Net earnings or losses; apportionment, distribution, and payment","url":"\/13.1-353\/","token":"13.1\/3\/3\/13.1-353","metadata":false},{"id":77179,"structure_id":15065,"section_number":"13.1-354","catch_line":"Internal capital accounts; redemption of shares; collective reserve account","url":"\/13.1-354\/","token":"13.1\/3\/3\/13.1-354","metadata":false},{"id":85249,"structure_id":15065,"section_number":"13.1-355","catch_line":"Internal capital accounting","url":"\/13.1-355\/","token":"13.1\/3\/3\/13.1-355","metadata":false}],"previous_section":{"id":81172,"structure_id":15065,"section_number":"13.1-346","catch_line":"Definitions","url":"\/13.1-346\/","token":"13.1\/3\/3\/13.1-346","metadata":false},"next_section":{"id":76974,"structure_id":15065,"section_number":"13.1-348","catch_line":"Name","url":"\/13.1-348\/","token":"13.1\/3\/3\/13.1-348","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-347\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 673<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":86934,"section_number":"13.1-618","catch_line":"Incorporators","order_by":null,"url":"\/13.1-618\/"},{"id":55110,"section_number":"13.1-710","catch_line":"Articles of amendment","order_by":null,"url":"\/13.1-710\/"}],"permalink":{"id":149731,"object_type":"law","relational_id":65277,"identifier":"13.1-347","token":"13.1\/3\/3\/13.1-347","url":"\/13.1-347\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-347\/","token":"13.1\/3\/3\/13.1-347","dublin_core":{"Title":"Formation of worker cooperative; purpose","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-347","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any corporation incorporated under Article 3 (§ 13.1-618<\/a> et seq.) of Chapter 9 may elect to be governed as a worker cooperative<\/span> in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710<\/a>. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618<\/a> et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A worker cooperative<\/span> may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORMATION OF WORKER COOPERATIVE; PURPOSE (\u00a7 13.1-347)\n\nA. Any corporation incorporated under Article 3 (§ 13.1-618 et seq.) of\nChapter 9 may elect to be governed as a worker cooperative in accordance with\nthe provisions of this article by so stating in its articles of incorporation or\narticles of amendment filed in accordance with § 13.1-710. The offering of\nan employee stock ownership plan governed by 26 U.S.C. § 401 by a\ncorporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9\nto its employees shall not be considered an election to be governed as a worker\ncooperative.\n\nB. A worker cooperative may be formed for any lawful purpose, provided that it\nshall be organized and shall conduct its business primarily for the mutual\nbenefit of its members.\n\nHISTORY: 2020, c. 673.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}