STATE STATUTES & CODES
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MAINE STATUTES AND CODES
13 §1983. Revocation of election as employee cooperative corporation
Title 13: CORPORATIONS
Part 2: CORPORATIONS WITHOUT CAPITAL
Chapter 85: COOPERATIVES
Subchapter 3: EMPLOYEE COOPERATIVE CORPORATIONS
§1983. Revocation of election as employee cooperative corporation
When any employee cooperative revokes its election in accordance with section 1975, the articles of amendment must provide for conversion of membership shares and internal capital accounts or their conversions to securities or other property in a manner consistent with Title 13-C. [RR 2001, c. 2, Pt. B, §33 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
SECTION HISTORY
1983, c. 136, (NEW). RR 2001, c. 2, §B33 (COR). RR 2001, c. 2, §B58 (AFF).