6 Del. C. § 1404

Ownership of voting and nonvoting stock.

Last amended: 1996Year: 2026Length: 54 wordsSubsections: 2Official source
(a) Except as otherwise provided in the organizational documents, all voting stock shall be owned by members; provided however, that pursuant to the organizational documents, at least a majority of each class of voting stock shall be owned by members. (b) The nonvoting stock of a workers cooperative may be owned by any person.
6 Del. C. § 1404: Ownership of voting and nonvoting stock. | Justis AI