Delaware Code Title 6 Sec. 1403 – Members
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(a) The organizational documents shall establish qualifications and the method of acceptance and termination of members; provided however, that pursuant to the organizational documents, at least a majority of the members of a workers cooperative shall be employees of the workers cooperative.
Terms Used In Delaware Code Title 6 Sec. 1403
- Workers cooperative: means any corporation that:
(b) Except as otherwise provided in the organizational documents, at least a majority of the employees of the workers cooperative shall be members of the workers cooperative.