NY Code - Article 5-A: WORKER COOPERATIVE CORPORATIONS

Section 80 Legislative findings
Section 81 Definitions
Section 82 Corporations organized under the business corporation law; election to be governed as worker cooperative
Section 83 Status as profit-making corporation
Section 84 Applicability of the business corporation law
Section 85 Applicability of the cooperative corporations law
Section 86 Revocation of election
Section 87 Corporate name
Section 88 Members; membership shares; fees; rights and responsibilities
Section 89 Voting shares; by-laws; amendment of certificate of incorporation
Section 90 Net retained proceeds or losses; distribution and payment
Section 91 Directors; officers
Section 92 Internal capital accounts; recall or redemption of shares; interest; collective reserve account
Section 93 Internal capital account cooperatives
Section SIX Hundred twenty-three of the business corporation law shall not apply to an internal capital account cooperative
Section 94 Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger

MISCELLANEOUS PROVISIONS

Cooperative Corporations

AGRICULTURAL COOPERATIVE CORPORATION