Del. Code tit. 6 § 1404

Current through 2024 Legislative Session Act Chapter 531
Section 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.

6 Del. C. § 1404

70 Del. Laws, c. 395, § 1.;