§ 7-6.2-1 Legislative purpose
§ 7-6.2-2 Definitions
§ 7-6.2-3 Corporations organized under general corporation law; election to be governed as workers’ cooperative
§ 7-6.2-4 Application of general corporation law — Business corporation tax — Other taxes and programs
§ 7-6.2-5 Revocation of election
§ 7-6.2-6 Members –Membership shares — Fees — Rights and responsibilities
§ 7-6.2-7 Voting shares — Bylaws — Amendment of certificate of incorporation
§ 7-6.2-8 Net earnings or losses — Apportionment, distribution, and payment
§ 7-6.2-9 Directors; officers
§ 7-6.2-10 Internal capital accounts — Recall or redemption of shares — Interest — Collective reserve account
§ 7-6.2-11 Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger
§ 7-6.2-12 Severability

Terms Used In Rhode Island General Laws > Chapter 7-6.2

  • Member: means a natural person who has been accepted in and owns a membership share issued by a workers' cooperative. See Rhode Island General Laws 7-6.2-2.
  • Patronage: means the amount of work performed as a member of a workers' cooperative that is measured in accordance with the certificate of incorporation and bylaws. See Rhode Island General Laws 7-6.2-2.
  • person: extends to and includes co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6.
  • Person: means an individual, a partnership, a corporation, an association, or two (2) or more persons having a joint or common interest. See Rhode Island General Laws 7-6.2-2.
  • Written notice of allocation: means the amount of work performed as a member of a workers' cooperative that is measured in accordance with the certificate of incorporation and bylaws. See Rhode Island General Laws 7-6.2-2.