Virginia Code § 13.1-352

Voting rights
Open in Lexace · Ask the AI about this section
A. No shares other than membership shares shall be given voting rights in a worker cooperative.
B. The power to amend or repeal bylaws of a worker cooperative shall be in the members only, except to the extent that directors are authorized to amend or repeal the bylaws.
C. Voting on amendments to the articles of incorporation of a worker cooperative shall be limited to the members qualified to vote membership shares.
D. Each member with a membership share shall have one vote in any matter requiring voting by shareholders.
2020, c. 673.

‹ Prev All Virginia sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.