Workers' Cooperatives

  1. Law
  2. Rhode Island General Laws
  3. Corporations, Associations and Partnerships
  4. Workers' Cooperatives

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Section
7-6.2-1

Legislative purpose.

Section
7-6.2-2

Definitions.

Section
7-6.2-3

Corporations organized under general corporation law; election to be governed as workers' cooperative.

Section
7-6.2-4

Application of general corporation law - Business corporation tax - Other taxes and programs.

Section
7-6.2-5

Revocation of election.

Section
7-6.2-6

Members -Membership shares - Fees - Rights and responsibilities.

Section
7-6.2-7

Voting shares - Bylaws - Amendment of certificate of incorporation.

Section
7-6.2-8

Net earnings or losses - Apportionment, distribution, and payment.

Section
7-6.2-9

Directors; officers.

Section
7-6.2-10

Internal capital accounts - Recall or redemption of shares - Interest - Collective reserve account.

Section
7-6.2-11

Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger.

Section
7-6.2-12

Severability.