Title 33 — Title 33: Corporations
22 chapters · 690 sections in this title.
Conn. Gen. Stat. § 33-418f Short title: Worker Cooperative Corporations Act.
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Sec. 33-418f. Short title: Worker Cooperative Corporations Act. This chapter shall be known and may be cited as the “Worker Cooperative Corporations Act”. (P.A. 84-430, S. 1, 14.)
Conn. Gen. Stat. § 33-418g Definitions.
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Sec. 33-418g. Definitions. As used in this chapter, unless the context otherwise requires: (1) “Worker cooperative” means a corporation which has elected to be governed by the provisions of this chapter. (2) “Member” means a natural person who or nonprofit organization that has b…
Conn. Gen. Stat. § 33-418h Election to be governed as a worker cooperative. Revocation of election. Corporate name.
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Sec. 33-418h. Election to be governed as a worker cooperative. Revocation of election. Corporate name. (a) Any corporation formed under the provisions of chapter 601 or any predecessor statutes thereto, may elect to be governed as a worker cooperative under the provisions of this…
Conn. Gen. Stat. § 33-418i Membership requirements. Membership shares. Rights of members.
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Sec. 33-418i. Membership requirements. Membership shares. Rights of members. (a) The certificate of incorporation or bylaws of a worker cooperative shall establish qualifications and the method of acceptance and termination of members. No person may be accepted as a member unless…
Conn. Gen. Stat. § 33-418j Voting rights of members and shareholders. Amendments to bylaws.
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Sec. 33-418j. Voting rights of members and shareholders. Amendments to bylaws. (a) No corporate shares other than membership shares shall be given voting power in a worker cooperative, except as otherwise provided in this chapter. (b) The power to amend or repeal the bylaws of a …
Conn. Gen. Stat. § 33-418k Board of directors' membership requirements.
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Sec. 33-418k. Board of directors' membership requirements. No less than fifty-one per cent of the directors on the board of directors of any worker cooperative shall be members of the cooperative. (P.A. 84-430, S. 8, 14.)
Conn. Gen. Stat. § 33-418l Apportionment of earnings and losses.
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Sec. 33-418l. Apportionment of earnings and losses. (a) The net earnings or losses of a worker cooperative shall be apportioned and distributed at such times and in such manner as the articles of organization or bylaws shall specify. Net earnings declared as patronage allocations…
Conn. Gen. Stat. § 33-418m System of internal capital accounts. Redemption of shares. Interest. Collective reserve account.
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Sec. 33-418m. System of internal capital accounts. Redemption of shares. Interest. Collective reserve account. (a) Any worker cooperative may establish through its certificate of incorporation or bylaws a system of internal capital accounts to reflect the book value and to determ…
Conn. Gen. Stat. § 33-418n Internal capital account cooperatives.
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Sec. 33-418n. Internal capital account cooperatives. (a) An internal capital account cooperative is a worker cooperative whose entire net book value is reflected in internal capital accounts, one for each member, and a collective reserve account, and in which no persons other tha…
Conn. Gen. Stat. § 33-418o Conversion of shares upon revocation of election. Consolidation or merger restricted.
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Sec. 33-418o. Conversion of shares upon revocation of election. Consolidation or merger restricted. (a) When a worker cooperative revokes its election in accordance with subsection (b) of section 33-418h, the certificate of amendment shall provide for conversion of membership sha…