Article 3 Worker Cooperatives

This article is comprised of the following sections:
  • §13.1-346 Definitions
  • §13.1-347 Formation of worker cooperative; purpose
  • §13.1-348 Name
  • §13.1-349 Application of other laws
  • §13.1-350 Revocation of election to be governed as worker cooperative; limitation on mergers
  • §13.1-351 Qualifications of members; membership shares
  • §13.1-352 Voting rights
  • §13.1-353 Net earnings or losses; apportionment, distribution, and payment
  • §13.1-354 Internal capital accounts; redemption of shares; collective reserve account
  • §13.1-355 Internal capital accounting