Rhode Island General Laws
Chapter 7-6.2 - Workers’ Cooperatives
Section 7-6.2-5. - Revocation of election.

§ 7-6.2-5. Revocation of election.
A workers’ cooperative may revoke its election under this chapter by a vote of two-thirds (⅔) of the members and through articles of amendment filed in accordance with §§ 7-1.2-901 — 7-1.2-907.
History of Section.P.L. 2017, ch. 370, § 1; P.L. 2017, ch. 378, § 1.

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.