Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 11 - Employee Cooperative Corporations.

Section 10A-11-1.01 - Short Title. - This chapter and the provisions of (A) Chapter 1 and...

Section 10A-11-1.02 - Definitions. - As used in this chapter, the following words shall have...

Section 10A-11-1.03 - Election as Employee Cooperative. - Any corporation governed by the Alabama Business Corporation Law may...

Section 10A-11-1.04 - Revocation. - An employee cooperative may revoke its election under this chapter...

Section 10A-11-1.05 - Corporate Name. - An employee cooperative may include the word "cooperative" or "co-op"...

Section 10A-11-1.06 - Members; Membership Shares; Rights and Responsibilities. - (a) The governing documents shall establish qualifications and the method...

Section 10A-11-1.07 - Directors and Officers. - (a) The bylaws of an employee cooperative shall provide for...

Section 10A-11-1.08 - Voting Power; Amendment or Repeal of Bylaws; Protection of Stockholders. - (a) No capital stock other than membership shares shall be...

Section 10A-11-1.09 - Apportionment, etc., of Net Earnings or Losses. - (a) The net earnings or losses of an employee cooperative...

Section 10A-11-1.10 - Internal Capital Accounts. - (a) Any employee cooperative may establish through its governing documents...

Section 10A-11-1.11 - Internal Capital Account Cooperatives. - (a) An internal capital account cooperative is a worker cooperative...

Section 10A-11-1.12 - Conversion of Membership Shares, etc.; Merger of Employee Cooperatives. - (a) When an employee cooperative revokes its election in accordance...