Notwithstanding Section 12530, a worker cooperative that has not revoked its election to be governed as a worker cooperative under Section 12310.5 shall not consolidate or merge with another corporation other than another worker cooperative. Two or more worker cooperatives may merge or consolidate in a manner consistent with this chapter.
(Added by Stats. 2015, Ch. 192, Sec. 23. (AB 816) Effective January 1, 2016.)
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