§1977. Membership in employee cooperative corporation
The articles of incorporation or the bylaws shall establish qualifications and the methods of acceptance and termination of members. No person may be accepted as a member unless employed by the employee cooperative on a full-time or part-time basis. [PL 1983, c. 136 (NEW).]
SECTION HISTORY
PL 1983, c. 136 (NEW).
Structure Maine Revised Statutes
Part 2: CORPORATIONS WITHOUT CAPITAL
Subchapter 3: EMPLOYEE COOPERATIVE CORPORATIONS
13 §1973. Application of other laws
13 §1974. Registration of securities
13 §1975. Formation of employee cooperative corporation; revocation
13 §1976. Use of words "cooperative," "co-op"
13 §1977. Membership in employee cooperative corporation
13 §1978. Membership shares; fees
13 §1981. Accounting for earnings or losses
13 §1982. Internal capital account cooperatives
13 §1983. Revocation of election as employee cooperative corporation