New York Laws
Article 5-A - Worker Cooperative Corporations
83 - Status as Profit-Making Corporation.

§ 83. Status as profit-making corporation. Notwithstanding any
inconsistent provisions of this chapter, no worker cooperative shall be
classed as a non-profit or not-for-profit corporation.

Structure New York Laws

CCO - Cooperative Corporations

Article 5-A - Worker Cooperative Corporations

80 - Legislative Findings.

81 - Definitions.

82 - Corporations Organized Under the Business Corporation Law; Election to Be Governed as Worker Cooperative.

83 - Status as Profit-Making Corporation.

84 - Applicability of the Business Corporation Law.

85 - Applicability of the Cooperative Corporations Law.

86 - Revocation of Election.

87 - Corporate Name.

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.

91 - Directors; Officers.

92 - Internal Capital Accounts; Recall or Redemption of Shares; Interest; Collective Reserve Account.

93 - Internal Capital Account Cooperatives.

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