There Is a Newer Version
of
this Section
2021 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. (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 1404. Ownership of voting and nonvoting stock.
(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;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
