California Statutes
§ 12310.5. — 12310.5. (Added by Stats. 2015, Ch. 192, Sec. 12.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 1. CHAPTER 1. General Provisions, Organization and Bylaws·Art. 4. ARTICLE 4. Articles of Incorporation
(a)A corporation organized under this part may elect to be governed as a worker cooperative by making the following statement in its articles of incorporation or its amended articles of incorporation:
“This corporation is a worker cooperative corporation organized under the Cooperative Corporation Law.”
(b)A corporation that makes the election to be governed as a worker cooperative, unless expressly exempted, shall be governed by all the provisions of this part.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 12310.5. (12310.5. (Added by Stats. 2015, Ch. 192, Sec. 12.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2015, Ch. 192, Sec. 12. (AB 816) Effective January 1, 2016.