Public-domain · open source
OpenJurist

Cal. Corp. Code § 12253.5

General Provisions and Definitions

Known as the Cooperative Corporation Law

The act spans §§ 12200–12704 (266 sections).

Added by Stats. 2015, Ch. 192, Sec. 10

“Worker cooperative” or “employment cooperative” means a corporation formed under this part that includes a class of worker-members who are natural persons whose patronage consists of labor contributed to or other work performed for the corporation. Election to be organized as a worker cooperative or an employment cooperative does not create a presumption that workers are employees of the corporation for any purposes. At least 51 percent of the workers shall be worker-members or candidates.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.