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2017 Delaware Code
Title 6 - Commerce and Trade
CHAPTER 14. DELAWARE WORKERS COOPERATIVE ACT
§ 1404. Ownership of voting and nonvoting stock.
Universal Citation: 6 DE Code § 1404 (2017)
(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.
70 Del. Laws, c. 395, § 1.;
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