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Mass. Gen. Laws ch. 157A – Employee Cooperative Corporations | Midpage
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Massachusetts General Laws
Part I
Title XXII
Chapter 157A
Mass. Gen. Laws ch. 157A
Employee Cooperative Corporations
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Short title
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Definitions
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Corporations organized under chapter 156D; election to be governed as employee cooperative
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Revocation of election
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Corporate name
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Members; membership shares; fees; rights and responsibilities
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Voting shares; by-laws; amendment of articles of organization
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Net earnings or losses; apportionment, distribution and payment
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Internal capital accounts; recall or redemption of shares; interest; collective reserve account
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Internal capital account cooperatives
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Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger