Worker cooperatives; established as a category of cooperative associations. (HB1762)

Introduced By

Del. Lee Carter (D-Manassas) with support from 11 copatrons, whose average partisan position is:

Those copatrons are Del. Hala Ayala (D-Woodbridge), Del. Lamont Bagby (D-Richmond), Del. Glenn Davis (R-Virginia Beach), Del. Elizabeth Guzman (D-Dale City), Del. Mark Keam (D-Vienna), Del. Paul Krizek (D-Alexandria), Del. Sam Rasoul (D-Roanoke), Del. Luke Torian (D-Woodbridge), Del. Cheryl Turpin (D-Virginia Beach), Del. Roslyn Tyler (D-Jarratt), Del. Schuyler VanValkenburg (D-Henrico)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Worker cooperatives. Establishes worker cooperatives as a category of cooperative associations. A worker cooperative is a stock corporation that has elected to be governed by provisions established by this measure, which include (i) conducting its business primarily for the mutual benefit of its members, (ii) allowing only current and retired employees to be members, (iii) limiting voting rights to current employees, (iv) providing that each employee is entitled to one vote, and (v) requiring that net earnings be paid or credited to members in accordance with the ratio that each member's amount of work performed during a period bears to the total amount of work performed by all members during that period. Amends § 13.1-301, § 13.1-307, § 13.1-308, § 13.1-346, of the Code of Virginia. Read the Bill »

Status

01/10/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
12/21/2018Prefiled and ordered printed; offered 01/09/19 19100246D
12/21/2018Committee
12/21/2018Referred to Committee on Commerce and Labor
01/10/2019Assigned C & L sub: Subcommittee #2

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