Section 2: Definitions
58 words·~1 min read·
/ma/part-i/title-xxii/chapter-157a/2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2. As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:
''Employee cooperative'', a corporation which has elected to be governed by the provisions of this chapter.
''Member'', a natural person who has been accepted for membership in, and owns a membership share issued by an employee cooperative.