Chapter 23.78 RCW

EMPLOYEE COOPERATIVE CORPORATIONS

Sections
Definitions.
Election by corporation to be governed as an employee cooperativeLaws governing.
Revocation of election.
Corporate name.
MembersMembership shares.
Right to votePower to amend or repeal bylawsRight to amend articles of incorporation.
Net earnings or lossesApportionment, distribution, and payment.
Internal capital accounts authorizedRedemptionsAssignment of portion of retained net earnings and net losses to collective reserve account authorized.
Internal capital account cooperatives.
Provision for conversion of shares and accountsLimitations upon merger.
Short title.
NOTES:
Employee ownership programs through the department of community, trade, and economic development: RCW 43.63A.230.
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