2013 Connecticut General Statutes
Title 33 - Corporations
Chapter 599a - Worker Cooperative Corporations
Section 33-418g - Definitions.
As used in this chapter, unless the context otherwise requires:
(a) “Worker cooperative” means a corporation which has elected to be governed by the provisions of this chapter.
(b) “Member” means a natural person who has been accepted for membership in, and owns a membership share issued by a worker cooperative.
(c) “Patronage” means the amount of work performed as a member of a worker cooperative, measured in accordance with the articles of organization and bylaws of that cooperative.
(d) “Written notice of allocation” means a written instrument which discloses to a member the stated dollar amount of such member’s patronage allocation and the terms for payment of that amount by the worker cooperative.
(P.A. 84-430, S. 2, 14.)
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