Cal. Corp. Code § 12253.5

Current through the 2023 Legislative Session.
Section 12253.5 - "Worker cooperative" or "employment cooperative"

"Worker cooperative" or "employment cooperative" means a corporation formed under this part that includes a class of worker-members who are natural persons whose patronage consists of labor contributed to or other work performed for the corporation. Election to be organized as a worker cooperative or an employment cooperative does not create a presumption that workers are employees of the corporation for any purposes. At least 51 percent of the workers shall be worker-members or candidates.

Ca. Corp. Code § 12253.5

Added by Stats 2015 ch 192 (AB 816),s 10, eff. 1/1/2016.