Delaware § 1404 Ownership of voting and nonvoting stock

Delaware Statutes

§ 1404 — Ownership of voting and nonvoting stock

Delaware § 1404

Title6

Ch. 14DELAWARE WORKERS COOPERATIVE ACT

This text of Delaware § 1404 (Ownership of voting and nonvoting stock) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 1404 (2026).

Text

(a)Except as otherwise provided in the organizational documents, all voting stock shall be owned by members; provided however, that pursuant to the organizational documents, at least a majority of each class of voting stock shall be owned by members.

(b)The nonvoting stock of a workers cooperative may be owned by any person.

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