N.Y. Cooperative Corporations Law Section 94
Conversion of membership shares and internal capital accounts upon revocation of election

  • consolidation or merger

When any worker cooperative revokes its election in accordance with § 86 (Revocation of election)section eighty-six of this article, an amendment of the certificate of incorporation shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with the provisions of the business corporation law.

Source: Section 94 — Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger, https://www.­nysenate.­gov/legislation/laws/CCO/94 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 94’s source at nysenate​.gov

Link Style