{"data":{"id":"us-ri/r.i.-gen.-laws-7-6.2-2","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-6.2-2","heading":"Definitions.","body":"As used in this chapter, the following words and terms have the following meaning:\n(1) “Member” means a natural person who has been accepted in and owns a membership share issued by a workers’ cooperative.\n(2) “Paid-in capital” means money or other property contributed by a member to a workers’ cooperative that is exclusive of any membership fee.\n(3) “Patronage” means the amount of work performed as a member of a workers’ cooperative that is measured in accordance with the certificate of incorporation and bylaws.\n(4) “Person” means an individual, a partnership, a corporation, an association, or two (2) or more persons having a joint or common interest.\n(5) “Workers’ cooperative” means a corporation that has elected to be governed by the provisions of this chapter.\n(6) “Written notice of allocation” means the amount of work performed as a member of a workers’ cooperative that is measured in accordance with the certificate of incorporation and bylaws.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 6.2 Workers’ Cooperatives"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-6.2/7-6.2-2.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:10:49Z","sha256":"b30d11ce662c0139ce64ee52f5378f3d1219d0f743257856671922423152097e","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-6.2-1","next":"us-ri/r.i.-gen.-laws-7-6.2-3"},"notice":"GroundRules: Original legal text. Not legal advice."}