Corp. Code, § 12230.5 · Article 2. General Provisions and Definitions

Corp. Code, § 12230.5

Verbatim from the official edition

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

“Collective board worker cooperative” means a worker cooperative in which there is only one class of members consisting of worker-members, all of whom are members of the board.

Notes and commentary — not statutory text

History

Added by Stats. 2015, Ch. 192, Sec. 6. (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=12230.5.
Text hash: sha256 ea1db92d606d5b7a0f5a6939f6fcc769e03203c288a0cd6364f0de6a9b116e04
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.