R.I. Gen. Laws § 7-6.2-11

Current through 2024 Public Law 44

Section 7-6.2-11 - Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger

When any workers' cooperative revokes its election in accordance with § 7-6. 2-5, an amendment of the certificate of incorporation shall provide for the conversion of membership shares and internal capital accounts, or their conversion to securities or other property in a manner consistent with the provisions of chapter 1.2 of title 7.

P.L. 2017, ch. 370, § 1; P.L. 2017, ch. 378, § 1.