General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 157A. EMPLOYEE COOPERATIVE CORPORATIONS |
SECTION 2. Definitions
Latest version.
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As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:
''Employee cooperative'', a corporation which has elected to be governed by the provisions of this chapter.
''Member'', a natural person who has been accepted for membership in, and owns a membership share issued by an employee cooperative.