§ 12310.5
72 words·~1 min read·
/ca/corporations-code/12310-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A corporation organized under this part may elect to be governed as a worker cooperative by making the following statement in its articles of incorporation or its amended articles of incorporation:
“This corporation is a worker cooperative corporation organized under the Cooperative Corporation Law.”
(b)A corporation that makes the election to be governed as a worker cooperative, unless expressly exempted, shall be governed by all the provisions of this part.