State Codes and Statutes

Statutes > Connecticut > Title33 > Chap599a > Sec33-418g

      Sec. 33-418g. Definitions. As used in this chapter, unless the context otherwise requires:

      (a) "Worker cooperative" means a corporation which has elected to be governed by the provisions of this chapter.

      (b) "Member" means a natural person who has been accepted for membership in, and owns a membership share issued by a worker cooperative.

      (c) "Patronage" means the amount of work performed as a member of a worker cooperative, measured in accordance with the articles of organization and bylaws of that cooperative.

      (d) "Written notice of allocation" means a written instrument which discloses to a member the stated dollar amount of such member's patronage allocation and the terms for payment of that amount by the worker cooperative.

      (P.A. 84-430, S. 2, 14.)