R.I. Gen. Laws tit. 7, ch. 6.2 – Workers’ Cooperatives | Midpage

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Rhode Island General Laws

Chapter 7-6.2

R.I. Gen. Laws tit. 7, ch. 6.2

Workers’ Cooperatives

7-6.2-1Legislative purpose 7-6.2-2Definitions 7-6.2-3Corporations organized under general corporation law; election to be governed as workers’ cooperative 7-6.2-4Application of general corporation law — Business corporation tax — Other taxes and programs 7-6.2-5Revocation of election 7-6.2-6Members — Membership shares — Fees — Rights and responsibilities 7-6.2-7Voting shares — Bylaws — Amendment of certificate of incorporation 7-6.2-8Net earnings or losses — Apportionment, distribution, and payment 7-6.2-9Directors; officers 7-6.2-10Internal capital accounts — Recall or redemption of shares — Interest — Collective reserve account 7-6.2-11Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger 7-6.2-12Severability