Delaware Statutes
§ 1404 — Ownership of voting and nonvoting stock
(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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Legislative History
70 Del. Laws, c. 395, § 1
Nearby Sections
14
§ 1401
Definitions§ 1403
Members§ 1406
Allocation of earnings§ 1408
Execution of certificate§ 1409
Filing of certificate§ 1410
Fees§ 1411
Use of names regulated§ 1414
Short title