ยง 82. Corporations organized under the business corporation law;
election to be governed as worker cooperative. Any corporation organized
under the business corporation law may elect to be governed as a worker
cooperative under the provisions of this article, by so stating in its
certificate of incorporation filed in accordance with article four of
the business corporation law or amendments to its certificate of
incorporation filed in accordance with article eight of the business
corporation law.
Structure New York Laws
CCO - Cooperative Corporations
Article 5-A - Worker Cooperative Corporations
83 - Status as Profit-Making Corporation.
84 - Applicability of the Business Corporation Law.
85 - Applicability of the Cooperative Corporations Law.
88 - Members; Membership Shares; Fees; Rights and Responsibilities.
89 - Voting Shares; By-Laws; Amendment of Certificate of Incorporation.
90 - Net Retained Proceeds or Losses; Distribution and Payment.