Cal. Corp. Code § 12310.5

Current through the 2023 Legislative Session.

Section 12310.5 - Election to be governed as worker cooperative

(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.

Ca. Corp. Code § 12310.5

Added by Stats 2015 ch 192 (AB 816),s 12, eff. 1/1/2016.