Del. Code Ann. tit. 6, § 1404 – Ownership of voting and nonvoting stock | Midpage
§ 1404
Del. Code Ann. tit. 6, § 1404
Ownership of voting and nonvoting stock
70 Del. Laws, c. 395, § 1;
(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.