California Corporations Code

§ 12253.5

CORP § 12253.5 Effective Jan 1, 2016Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 2

Statute 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.

Legislative history

Added by Stats. 2015, Ch. 192, Sec. 10. (AB 816) Effective January 1, 2016.