Cal. Corporations Code § 12253.5
Cal. Corporations Code § 12253.5
California · California Corporations Code · Status: effective · Effective 2016-01-01
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- Citation
- Cal. Corporations Code § 12253.5, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792293
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Full text
“Worker cooperative” or “employment cooperative” means a corporation formed under this part that includes a class of worker-members who are natural persons whose patronage consists of labor contributed to or other work performed for the corporation. Election to be organized as a worker cooperative or an employment cooperative does not create a presumption that workers are employees of the corporation for any purposes. At least 51 percent of the workers shall be worker-members or candidates.