{"data":{"id":"us-ct/conn.-gen.-stat.-33-418o","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 33-418o","heading":"Conversion of shares upon revocation of election. Consolidation or merger restricted.","body":"(a) When a worker cooperative revokes its election in accordance with subsection (b) of section 33-418h, the certificate of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with the provisions of chapter 601.\n(b) A worker cooperative which has not revoked its election under this chapter may not consolidate or merge with another corporation other than a worker cooperative. Two or more worker cooperatives may consolidate or merge in accordance with sections 33-815, 33-817, 33-819 and 33-820 and subdivision (1) of subsection (a) of section 33-856.","path":["TITLE 33. CORPORATIONS","CHAPTER 599a. WORKER COOPERATIVE CORPORATIONS"],"source_url":"https://www.cga.ct.gov/current/pub/chap_599a.htm#sec_33-418o","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"35e9a565aca792894a93a96e0b500edab5cf8eef28247c3f5956448bcf998943","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-33-418n","next":"us-ct/conn.-gen.-stat.-33-419-to-33-422"},"notice":"GroundRules: Original legal text. Not legal advice."}