§ 1404. Ownership of voting and nonvoting stock.
54 words·~1 min read·
/de/title-6/chapter-14-delaware-workers-cooperative-act/1404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.