805 ILCS 317/52: System of internal capital accounts.

(a) A limited worker cooperative association may establish through its articles or cooperative agreement a system of internal capital accounts to reflect the book value and to determine the redemption price of membership interests and written notices of allocation.

(b) The articles or cooperative agreement of a limited worker cooperative association may permit the periodic redemption of written notices of allocation and shall provide for recall and redemption of membership interests upon termination of membership in the association.

(c) An association may allocate a portion of retained net earnings and net losses to a collective reserve account. Earnings assigned to the collective reserve account may be used for any and all purposes as determined by the board of managers or managing members.