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Del. Code tit. 6, § 1404

Ownership of voting and nonvoting stock

Known as the Delaware Workers Cooperative Act

The act spans §§ 6–6 (14 sections).

70 Del

(a) Except as otherwise provided in the organizational documents, all voting stock shall be owned by members; provided however, that pursuant to the organizational documents, at least a majority of each class of voting stock shall be owned by members.

(b) The nonvoting stock of a workers cooperative may be owned by any person.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.