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2020 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 157a - Employee Cooperative Corporations
- Section 1 - Short Title
- Section 2 - Definitions
- Section 3 - Corporations Organized Under Chapter 156d; Election to Be Governed as Employee Cooperative
- Section 4 - Revocation of Election
- Section 5 - Corporate Name
- Section 6 - Members; Membership Shares; Fees; Rights and Responsibilities
- Section 7 - Voting Shares; By-Laws; Amendment of Articles of Organization
- Section 8 - Net Earnings or Losses; Apportionment, Distribution and Payment
- Section 9 - Internal Capital Accounts; Recall or Redemption of Shares; Interest; Collective Reserve Account
- Section 10 - Internal Capital Account Cooperatives
- Section 11 - Conversion of Membership Shares and Internal Capital Accounts Upon Revocation of Election; Consolidation or Merger
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