{"data":{"id":"us-ny/n.y.-cooperative-corporations-law-81","jurisdiction":"us-ny","citation":"N.Y. Cooperative Corporations Law § 81","heading":"Definitions","body":"§ 81. Definitions. As used in this article the following words shall,\nunless the context clearly requires otherwise, have the following\nmeanings:\n  1. \"Worker cooperative,\" a corporation which has elected to be\ngoverned by the provisions of this article.\n  2. \"Member,\" a natural person who has been accepted in and owns a\nmembership share issued by a worker cooperative.\n  3. \"Patronage\", the amount of work performed as a member of a worker\ncooperative, measured in accordance with the certificate of\nincorporation and by-laws.\n  4. \"Written notice of allocation\", a written instrument which\ndiscloses to a member the stated dollar amount of such member's\npatronage allocation and the terms for payment of the amount by the\nworker cooperative.\n  5. \"Paid-in capital\", money or other property, exclusive of the\nmembership fee, contributed by a member to a worker cooperative.","path":["Cooperative Corporations Law","Article 5-A. Worker Cooperative Corporations"],"source_url":"https://legislation.nysenate.gov/api/3/laws/CCO/81","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"7e89f24748ad9b5848e28342d27d73028e8b0b1ce19cb0936c635501d89912b1","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-cooperative-corporations-law-80","next":"us-ny/n.y.-cooperative-corporations-law-82"},"notice":"GroundRules: Original legal text. Not legal advice."}