N.Y. Coop. Corp. Law § 94

Current through 2024 NY Law Chapter 457

Section 94 - Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger

When any worker cooperative revokes its election in accordance with section eighty-six of this article, an amendment of the certificate of incorporation shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with the provisions of the business corporation law.

N.Y. Coop. Corp. Law § 94