Corporations Code section 12228.3

“Capital account cooperative” is a worker cooperative in which the entire net book value is reflected in member capital accounts, one for each member, and an unallocated capital account, if any.

Source: Section 12228.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12228.3. (updated Jan. 1, 2016; accessed Sep. 28, 2026).

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Sep. 28, 2026

§ 12228.3's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_12228.3

Original Source: Section 12228.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12228.3. (last accessed May 12, 2025).