Corporations Code § 12228.3

ARTICLE 2. General Provisions and Definitions

Current as of September 28, 2026Corp. Code, § 12228.3Official source ↗

Added by Stats. 2015, Ch. 192, Sec. 5. (AB 816) Effective January 1, 2016.

“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.