{"code":"CORP","codeName":"Corporations Code","section":"12228.3","citation":"Corp. Code, § 12228.3","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","url":"https://blackletter.si/corporations-code/title-1/division-3"},{"name":"PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2"},{"name":"CHAPTER 1. General Provisions, Organization and Bylaws [12200. - 12340.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-1"},{"name":"ARTICLE 2. General Provisions and Definitions [12210. - 12256.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-1/article-2"}],"history":"Added by Stats. 2015, Ch. 192, Sec. 5.   (AB 816)   Effective January 1, 2016.","effective":"2016-01-01","html":"<p>“Capital account cooperative” is a worker cooperative in which the entire net book value is reflected in member capital accounts, one for each member, and an unallocated capital account, if any.</p>","text":"“Capital account cooperative” is a worker cooperative in which the entire net book value is reflected in member capital accounts, one for each member, and an unallocated capital account, if any.","otherVersions":[],"url":"https://blackletter.si/corporations-code/general-provisions-and-definitions-12228-3","source":"California Legislative Information bulk export (pubinfo)"}