GENERAL LAWS OF MASSACHUSETTS

CHAPTER 157A. EMPLOYEE COOPERATIVE CORPORATIONS.

Chapter 157A, Section 1. Short title.

Chapter 157A, Section 2. Definitions.

Chapter 157A, Section 3. Corporations organized under chapter 156B; election to be governed as employee cooperative.

Chapter 157A, Section 4. Revocation of election.

Chapter 157A, Section 5. Corporate name.

Chapter 157A, Section 6. Members; membership shares; fees; rights and responsibilities.

Chapter 157A, Section 7. Voting shares; by-laws; amendment of articles of organization.

Chapter 157A, Section 8. Net earnings or losses; apportionment, distribution and payment.

Chapter 157A, Section 9. Internal capital accounts; recall or redemption of shares; interest; collective reserve account.

Chapter 157A, Section 10. Internal capital account cooperatives.

Chapter 157A, Section 11. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger.

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