An employee cooperative may revoke its election under this chapter by a vote of two-thirds of the members and through articles of amendment filed in accordance with the Alabama Business Corporation Law.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 11 - Employee Cooperative Corporations.
Section 10A-11-1.01 - Short Title.
Section 10A-11-1.02 - Definitions.
Section 10A-11-1.03 - Election as Employee Cooperative.
Section 10A-11-1.04 - Revocation.
Section 10A-11-1.05 - Corporate Name.
Section 10A-11-1.06 - Members; Membership Shares; Rights and Responsibilities.
Section 10A-11-1.07 - Directors and Officers.
Section 10A-11-1.08 - Voting Power; Amendment or Repeal of Bylaws; Protection of Stockholders.
Section 10A-11-1.09 - Apportionment, etc., of Net Earnings or Losses.
Section 10A-11-1.10 - Internal Capital Accounts.
Section 10A-11-1.11 - Internal Capital Account Cooperatives.
Section 10A-11-1.12 - Conversion of Membership Shares, etc.; Merger of Employee Cooperatives.