Rhode Island General Laws
Chapter 7-6.2 - Workers’ Cooperatives
Section 7-6.2-1. - Legislative purpose.

§ 7-6.2-1. Legislative purpose.
The purpose of this chapter is to promote the creation of workers’ cooperatives by incentivizing workers to create enterprises that are democratically controlled and operated by their own workers.
History of Section.P.L. 2017, ch. 370, § 1; P.L. 2017, ch. 378, § 1.

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Structure Rhode Island General Laws

Rhode Island General Laws

Title 7 - Corporations, Associations and Partnerships

Chapter 7-6.2 - Workers’ Cooperatives

Section 7-6.2-1. - Legislative purpose.

Section 7-6.2-2. - Definitions.

Section 7-6.2-3. - Corporations organized under general corporation law; election to be governed as workers’ cooperative.

Section 7-6.2-4. - Application of general corporation law — Business corporation tax — Other taxes and programs.

Section 7-6.2-5. - Revocation of election.

Section 7-6.2-6. - Members — Membership shares — Fees — Rights and responsibilities.

Section 7-6.2-7. - Voting shares — Bylaws — Amendment of certificate of incorporation.

Section 7-6.2-8. - Net earnings or losses — Apportionment, distribution, and payment.

Section 7-6.2-9. - Directors; officers.

Section 7-6.2-10. - Internal capital accounts — Recall or redemption of shares — Interest — Collective reserve account.

Section 7-6.2-11. - Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger.

Section 7-6.2-12. - Severability.