{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-350.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-350.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-350.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-350.html"}],"law_id":71172,"edition_id":1,"section_id":71172,"structure_id":15065,"section_number":"13.1-350","catch_line":"Revocation of election to be governed as worker cooperative; limitation on mergers","history":"2020, c. 673.","full_text":"A\n\nA worker cooperative may revoke its election to be governed as a worker cooperative under this article by a vote of two-thirds of the members and through filing appropriate articles of amendment in accordance with &#xA7; 13.1-710.B\n\nWhen any worker cooperative revokes its election in accordance with subsection A, the articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with Chapter 9 (&#xA7; 13.1-601 et seq.).C\n\nA worker cooperative may not merge with another corporation other than a worker cooperative. Two or more worker cooperatives may merge in accordance with Article 12 (&#xA7; 13.1-715.1 et seq.) of Chapter 9.","order_by":null,"text":{"0":{"id":256559,"text":"A worker cooperative may revoke its election to be governed as a worker cooperative under this article by a vote of two-thirds of the members and through filing appropriate articles of amendment in accordance with &#xA7; 13.1-710.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":256560,"text":"When any worker cooperative revokes its election in accordance with subsection A, the articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with Chapter 9 (&#xA7; 13.1-601 et seq.).","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":256561,"text":"A worker cooperative may not merge with another corporation other than a worker cooperative. Two or more worker cooperatives may merge in accordance with Article 12 (&#xA7; 13.1-715.1 et seq.) of Chapter 9.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-350\/","history_text":"<p>This law was first created in 2020. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP0673\">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":62759,"section_number":"13.1-601","catch_line":"Short title","order_by":null,"url":"\/13.1-601\/"},{"id":85057,"section_number":"13.1-715.1","catch_line":"Definitions","order_by":null,"url":"\/13.1-715.1\/"}],"permalink":{"id":149743,"object_type":"law","relational_id":71172,"identifier":"13.1-350","token":"13.1\/3\/3\/13.1-350","url":"\/13.1-350\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-350\/","token":"13.1\/3\/3\/13.1-350","dublin_core":{"Title":"Revocation of election to be governed as worker cooperative; limitation on mergers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-350","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A <span class=\"dictionary\">worker cooperative<\/span> may revoke its election to be governed as a <span class=\"dictionary\">worker cooperative<\/span> under this article by a vote of two-thirds of the <span class=\"dictionary\">members<\/span> and through filing appropriate articles of amendment in accordance with &#xA7; <a class=\"law\" title=\"Articles of amendment\" href=\"\/13.1-710\/\">13.1-710<\/a>. <a id=\"paragraph-256559\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-350\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> When any <span class=\"dictionary\">worker cooperative<\/span> revokes its election in accordance with subsection A, the articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with Chapter 9 (&#xA7; <a class=\"law\" title=\"Short title\" href=\"\/13.1-601\/\">13.1-601<\/a> et seq.). <a id=\"paragraph-256560\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-350\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> A <span class=\"dictionary\">worker cooperative<\/span> may not merge with another corporation other than a <span class=\"dictionary\">worker cooperative<\/span>. Two or more <span class=\"dictionary\">worker cooperatives<\/span> may merge in accordance with Article 12 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/13.1-715.1\/\">13.1-715.1<\/a> et seq.) of Chapter 9. <a id=\"paragraph-256561\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-350\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREVOCATION OF ELECTION TO BE GOVERNED AS WORKER COOPERATIVE; LIMITATION ON\nMERGERS (\u00a7 13.1-350)\n\nA. A worker cooperative may revoke its election to be governed as a worker\ncooperative under this article by a vote of two-thirds of the members and\nthrough filing appropriate articles of amendment in accordance with &#xA7;\n13.1-710.\n\nB. When any worker cooperative revokes its election in accordance with\nsubsection A, the articles of amendment shall provide for conversion of\nmembership shares and internal capital accounts or their conversion to\nsecurities or other property in a manner consistent with Chapter 9 (&#xA7;\n13.1-601 et seq.).\n\nC. A worker cooperative may not merge with another corporation other than a\nworker cooperative. Two or more worker cooperatives may merge in accordance with\nArticle 12 (&#xA7; 13.1-715.1 et seq.) of Chapter 9.\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}}