Rhode Island General Laws 7-6.2-3. Corporations organized under general corporation law; election to be governed as workers’ cooperative
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Any corporation organized under chapter 1.2 of Title 7 may elect to be governed as a workers’ cooperative under the provisions of this chapter, by so stating in its certificate of incorporation filed in accordance with § 7-1.2-201 and § 7-1.2-202 of the Rhode Island business corporation act, or amendments to its certificate of incorporation 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.
Terms Used In Rhode Island General Laws 7-6.2-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.