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2012 Maine Revised Statutes
TITLE 13: CORPORATIONS
Chapter 85: COOPERATIVES
13 §1983. Revocation of election as employee cooperative corporation


13 ME Rev Stat § 1983 (2012 through 125th Legis) What's This?

Part 2: CORPORATIONS WITHOUT CAPITAL

Subchapter 3: EMPLOYEE COOPERATIVE CORPORATIONS

§1983. Revocation of election as employee cooperative corporation

When any employee cooperative revokes its election in accordance with section 1975, the articles of amendment must provide for conversion of membership shares and internal capital accounts or their conversions to securities or other property in a manner consistent with Title 13-C. [RR 2001, c. 2, Pt. B, §33 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]

SECTION HISTORY

1983, c. 136, (NEW). RR 2001, c. 2, §B33 (COR). RR 2001, c. 2, §B58 (AFF).

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