{"data":{"id":"us-ny/n.y.-cooperative-corporations-law-94","jurisdiction":"us-ny","citation":"N.Y. Cooperative Corporations Law § 94","heading":"Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger","body":"§ 94. Conversion of membership shares and internal capital accounts\nupon revocation of election; consolidation or merger. When any worker\ncooperative revokes its election in accordance with section eighty-six\nof this article, an amendment of the certificate of incorporation shall\nprovide for conversion of membership shares and internal capital\naccounts or their conversion to securities or other property in a manner\nconsistent with the provisions of the business corporation law.","path":["Cooperative Corporations Law","Article 5-A. Worker Cooperative Corporations"],"source_url":"https://legislation.nysenate.gov/api/3/laws/CCO/94","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"1099d16fc3be43c87de148a142e0f744816fc9aefc4883ec5f0f65595edf0f31","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-cooperative-corporations-law-93","next":"us-ny/n.y.-cooperative-corporations-law-110"},"notice":"GroundRules: Original legal text. Not legal advice."}