(a) The net earnings of a workers cooperative shall be allocated and distributed by the board of directors in accordance with the organizational documents.
(b) Except as otherwise provided in the organizational documents, all of the net earnings of the workers cooperative with respect to a period of time shall be allocated to members on the basis of:
(c) The allocation, distribution and payment of earnings required by this section may be in cash, credits, written notices of allocation or any other type of tangible or intangible property, including, without limitation, shares of stock issued by the workers cooperative.
Structure Delaware Code
Chapter 14. DELAWARE WORKERS COOPERATIVE ACT
§ 1402. Operating on a cooperative basis.
§ 1404. Ownership of voting and nonvoting stock.
§ 1405. Voting rights of members and stockholders.
§ 1406. Allocation of earnings.
§ 1407. Certificate of acceptance; amendment; restatement; cancellation.
§ 1408. Execution of certificate.
§ 1409. Filing of certificate.
§ 1411. Use of names regulated.