Massachusetts General Laws
Chapter 157a - Employee Cooperative Corporations
Section 4 - Revocation of Election

Section 4. 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 section seventy-two of said chapter one hundred and fifty-six B.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 157a - Employee Cooperative Corporations

Section 1 - Short Title

Section 2 - Definitions

Section 3 - Corporations Organized Under Chapter 156d; Election to Be Governed as Employee Cooperative

Section 4 - Revocation of Election

Section 5 - Corporate Name

Section 6 - Members; Membership Shares; Fees; Rights and Responsibilities

Section 7 - Voting Shares; By-Laws; Amendment of Articles of Organization

Section 8 - Net Earnings or Losses; Apportionment, Distribution and Payment

Section 9 - Internal Capital Accounts; Recall or Redemption of Shares; Interest; Collective Reserve Account

Section 10 - Internal Capital Account Cooperatives

Section 11 - Conversion of Membership Shares and Internal Capital Accounts Upon Revocation of Election; Consolidation or Merger