Employee Cooperative Corporations

  1. Law
  2. Massachusetts General Laws
  3. Administration of the Government
  4. Corporations
  5. Employee Cooperative Corporations

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Section
1

Short Title

Section
2

Definitions

Section
3

Corporations Organized Under Chapter 156d; Election to Be Governed as Employee Cooperative

Section
4

Revocation of Election

Section
5

Corporate Name

Section
6

Members; Membership Shares; Fees; Rights and Responsibilities

Section
7

Voting Shares; By-Laws; Amendment of Articles of Organization

Section
8

Net Earnings or Losses; Apportionment, Distribution and Payment

Section
9

Internal Capital Accounts; Recall or Redemption of Shares; Interest; Collective Reserve Account

Section
10

Internal Capital Account Cooperatives

Section
11

Conversion of Membership Shares and Internal Capital Accounts Upon Revocation of Election; Consolidation or Merger