NRS 81.929
Membership: Establishment of qualifications and method of acceptance, expulsion, termination and suspension

  • composition of members
  • effect of leave of absence
  • rights and responsibilities of members.

1.

The articles of incorporation or bylaws of a worker cooperative must establish:

(a)

The qualifications for membership, including, without limitation, that a member must be employed by the worker cooperative on a full- or part-time basis; and

(b)

The method of acceptance, expulsion, termination and suspension of members.

2.

At least 51 percent of the members of a worker cooperative must be employees of the worker cooperative.

3.

An authorized and voluntary leave of absence from a worker cooperative by a member of the worker cooperative must not revoke the membership status of the member.

4.

Members shall have all the rights and responsibilities of a stockholder of a corporation pursuant to chapter 78 of NRS.

Source: Section 81.929 — Membership: Establishment of qualifications and method of acceptance, expulsion, termination and suspension; composition of members; effect of leave of absence; rights and responsibilities of members., https://www.­leg.­state.­nv.­us/NRS/NRS-081.­html#NRS081Sec929.

Last Updated

Feb. 5, 2021

§ 81.929’s source at nv​.us