Election as Employee Cooperative.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Employee Cooperative Corporations.
  5. Election as Employee Cooperative.

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Section 10A-11-1.03

Election as employee cooperative.

Any corporation governed by the Alabama Business Corporation Law may elect to be governed as an employee cooperative under this chapter, by so stating in its certificate of formation or certificate of amendment filed in accordance with the Alabama Business Corporation Law.

(Act 97-949, p. 524, §3; §10-14-3; amended and renumbered by Act 2009-513, p. 967, §312; Act 2019-94, §2.)


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