{"data":{"id":"us-nv/nrs-81.929","jurisdiction":"us-nv","citation":"NRS 81.929","heading":"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.","body":"1. The articles of incorporation or bylaws of a worker cooperative must establish:\n(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\n(b) The method of acceptance, expulsion, termination and suspension of members.\n2. At least 51 percent of the members of a worker cooperative must be employees of the worker cooperative.\n3. 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.\n4. Members shall have all the rights and responsibilities of a stockholder of a corporation pursuant to chapter 78 of NRS.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 81 - MISCELLANEOUS ORGANIZATIONS","WORKER COOPERATIVE CORPORATIONS","Members and Directors"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-081.html#NRS081Sec929","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"a6e002fc1a7620b9ca21e3aa9ea3e6260549ce73d8553714e6acef7314f05cb7","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-81.927","next":"us-nv/nrs-81.931"},"notice":"GroundRules: Original legal text. Not legal advice."}