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27 chapters · 850 sections in this title.
R.I. Gen. Laws § 7-6.2-1. Legislative purpose
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The purpose of this chapter is to promote the creation of workers’ cooperatives by incentivizing workers to create enterprises that are democratically controlled and operated by their own workers.
R.I. Gen. Laws § 7-6.2-10. Internal capital accounts — Recall or redemption of shares — Interest — Collective reserve account
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(a) Any workers’ cooperative may establish through its certificate of incorporation or bylaws a system of internal capital accounts, to reflect the book value and to determine the redemption price of membership shares, capital stock, and written notices of allocation. As used in …
R.I. Gen. Laws § 7-6.2-11. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger
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When any workers’ cooperative revokes its election in accordance with § 7-6.2-5, an amendment of the certificate of incorporation shall provide for the conversion of membership shares and internal capital accounts, or their conversion to securities or other property in a manner c…
R.I. Gen. Laws § 7-6.2-12. Severability
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If any provision of this chapter or any rule or regulation created under this chapter, or the application of any provision of this chapter to any person or circumstance shall be held invalid in any court of competent jurisdiction, the remainder of the chapter, rule, or regulation…
