Corporations Code § 12228.3
‹ § 12228§ 12228.5 ›Open in browserleginfo ↗12228.3.
“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.
(Added by Stats. 2015, Ch. 192, Sec. 5. (AB 816) Effective January 1, 2016.)