Laws of New York (Last Updated: November 21, 2014) |
CCO Cooperative Corporations |
Article 5-A. WORKER COOPERATIVE CORPORATIONS |
Section 80. Legislative findings |
Section 81. Definitions |
Section 82. Corporations organized under the business corporation law; election to be governed as worker cooperative |
Section 83. Status as profit-making corporation |
Section 84. Applicability of the business corporation law |
Section 85. Applicability of the cooperative corporations law |
Section 86. Revocation of election |
Section 87. Corporate name |
Section 88. Members; membership shares; fees; rights and responsibilities |
Section 89. Voting shares; by-laws; amendment of certificate of incorporation |
Section 90. Net retained proceeds or losses; distribution and payment |
Section 91. Directors; officers |
Section 92. Internal capital accounts; recall or redemption of shares; interest; collective reserve account |
Section 93. Internal capital account cooperatives |
Section SIX. Hundred twenty-three of the business corporation law shall not apply to an internal capital account cooperative |
Section 94. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger |