§ 4A-12A-08

§4A–12A–08. NOT IN EFFECT

** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **

(a) Subject to subsection (b) of this section, a limited worker cooperative association may terminate its status as a limited worker cooperative association by amending its articles of organization to delete the statements required by § 4A–12A–04 of this subtitle.

(b) Any termination of a limited worker cooperative association’s status shall be subject to the approval of two–thirds of the voting power of worker members and two–thirds of all members entitled to vote on the matter.