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NRS 81.929 - Membership: Establishment of qualifications and method of acceptance, expulsion, termination and suspension; composition of members; effect of leave of absence; rights and responsibilities of members.

NV Rev Stat § 81.929 (2019) (N/A)
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1. The articles of incorporation or bylaws of a worker cooperative must establish:

(a) The qualifications for membership, including, without limitation, that a member must be employed by the worker cooperative on a full- or part-time basis; and

(b) The method of acceptance, expulsion, termination and suspension of members.

2. At least 51 percent of the members of a worker cooperative must be employees of the worker cooperative.

3. An authorized and voluntary leave of absence from a worker cooperative by a member of the worker cooperative must not revoke the membership status of the member.

4. Members shall have all the rights and responsibilities of a stockholder of a corporation pursuant to chapter 78 of NRS.

(Added to NRS by 2019, 907)

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NRS 81.927 - Authority to operate as internal capital account cooperative; accounts.
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NRS 81.931 - Board of directors: Composition; annual meeting with members; authority of members to override decisions; considerations when exercising powers.