There is a newer version
of
the New York Laws
2017 New York Laws
CCO - Cooperative Corporations
Article 5-A - Worker Cooperative Corporations
94 - Conversion of Membership Shares and Internal Capital Accounts Upon Revocation of Election; Consolidation or Merger.
Universal Citation: NY Coop Corp L § 94 (2017)
94. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger. When any worker cooperative revokes its election in accordance with section eighty-six of this article, an amendment of the certificate of incorporation shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with the provisions of the business corporation law.
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