Reserve accounts; allocation of indivisible reserve account upon dissolution or sale.

NRS 81.925 Reserve accounts; allocation of indivisible reserve account upon dissolution or sale. 1. A worker cooperative may use: (a) A divisible reserve account; or (b) An indivisible reserve account. 2. An account used pursuant to subsection 1 may be used to pay the expenses of a worker cooperative, including, without limitation, wages. 3. Upon the dissolution or sale of a worker cooperative, an indivisible reserve account of the worker cooperative must be allocated to an indivisible reserve account of another worker cooperative or nonprofit corporation. (Added to NRS by 2019, 912)