Corp. Code, § 12228.3 · Article 2. General Provisions and Definitions

Corp. Code, § 12228.3

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

“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.

Notes and commentary — not statutory text

History

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

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=12228.3.
Text hash: sha256 7358a4246bde8a15666a27db7a2980dc800a85ce6be458706717e3ed1361f360
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.