{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-347.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-347.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-347.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-347.html"}],"law_id":346615,"edition_id":2,"section_id":346615,"structure_id":49765,"section_number":"13.1-347","catch_line":"Formation of worker cooperative; purpose","history":"2020, c. 673.","full_text":"A\n\nAny corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 may elect to be governed as a worker cooperative in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative.\n\nB\n\nA worker cooperative may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members.\n\n","order_by":null,"text":{"0":{"id":1292506,"text":"Any corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 may elect to be governed as a worker cooperative in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1292507,"text":"A worker cooperative may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":49765,"edition_id":2,"name":"Worker Cooperatives","identifier":"3","label":"article","depth":3,"order_by":3,"parent_id":49762,"metadata":{"child_laws":10,"child_structures":0},"date_created":"2026-08-02 02:14:42","date_modified":"2026-08-02 12:29:05","permalink":{"id":1376727,"object_type":"structure","relational_id":49765,"identifier":"3","token":"13.1\/3\/3","url":"\/13.1\/3\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49762,"edition_id":2,"name":"Cooperative Associations","identifier":"3","label":"chapter","depth":2,"order_by":3,"parent_id":49726,"metadata":{"child_laws":60,"child_structures":3},"date_created":"2026-08-02 02:14:34","date_modified":"2026-08-02 12:29:05","permalink":{"id":1376521,"object_type":"structure","relational_id":49762,"identifier":"3","token":"13.1\/3","url":"\/13.1\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346614,"structure_id":49765,"section_number":"13.1-346","catch_line":"Definitions","url":"\/13.1-346\/","token":"13.1\/3\/3\/13.1-346","metadata":false},{"id":346615,"structure_id":49765,"section_number":"13.1-347","catch_line":"Formation of worker cooperative; purpose","url":"\/13.1-347\/","token":"13.1\/3\/3\/13.1-347","metadata":false},{"id":346616,"structure_id":49765,"section_number":"13.1-348","catch_line":"Name","url":"\/13.1-348\/","token":"13.1\/3\/3\/13.1-348","metadata":false},{"id":346617,"structure_id":49765,"section_number":"13.1-349","catch_line":"Application of other laws","url":"\/13.1-349\/","token":"13.1\/3\/3\/13.1-349","metadata":false},{"id":346618,"structure_id":49765,"section_number":"13.1-350","catch_line":"Revocation of election to be governed as worker cooperative; limitation on mergers","url":"\/13.1-350\/","token":"13.1\/3\/3\/13.1-350","metadata":false},{"id":346619,"structure_id":49765,"section_number":"13.1-351","catch_line":"Qualifications of members; membership shares","url":"\/13.1-351\/","token":"13.1\/3\/3\/13.1-351","metadata":false},{"id":346620,"structure_id":49765,"section_number":"13.1-352","catch_line":"Voting rights","url":"\/13.1-352\/","token":"13.1\/3\/3\/13.1-352","metadata":false},{"id":346621,"structure_id":49765,"section_number":"13.1-353","catch_line":"Net earnings or losses; apportionment, distribution, and payment","url":"\/13.1-353\/","token":"13.1\/3\/3\/13.1-353","metadata":false},{"id":346622,"structure_id":49765,"section_number":"13.1-354","catch_line":"Internal capital accounts; redemption of shares; collective reserve account","url":"\/13.1-354\/","token":"13.1\/3\/3\/13.1-354","metadata":{"court_decisions":{"0":{"name":"Trigon Insurance v. United States","case_number":"3:00cv365","citation":"215 F. Supp. 2d 687","date":"2002-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2503699\/trigon-insurance-v-united-states\/","abstract":" .\u202f.\u202f. 215 F.Supp.2d 687 (2002) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":346623,"structure_id":49765,"section_number":"13.1-355","catch_line":"Internal capital accounting","url":"\/13.1-355\/","token":"13.1\/3\/3\/13.1-355","metadata":false}],"previous_section":{"id":346614,"structure_id":49765,"section_number":"13.1-346","catch_line":"Definitions","url":"\/13.1-346\/","token":"13.1\/3\/3\/13.1-346","metadata":false},"next_section":{"id":346616,"structure_id":49765,"section_number":"13.1-348","catch_line":"Name","url":"\/13.1-348\/","token":"13.1\/3\/3\/13.1-348","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-347\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 673<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":346744,"section_number":"13.1-618","catch_line":"Incorporators","order_by":null,"url":"\/13.1-618\/"},{"id":346853,"section_number":"13.1-710","catch_line":"Articles of amendment","order_by":null,"url":"\/13.1-710\/"}],"permalink":{"id":1376733,"object_type":"law","relational_id":346615,"identifier":"13.1-347","token":"13.1\/3\/3\/13.1-347","url":"\/13.1-347\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-347\/","token":"13.1\/3\/3\/13.1-347","dublin_core":{"Title":"Formation of worker cooperative; purpose","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-347","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any corporation incorporated under Article 3 (§ 13.1-618<\/a> et seq.) of Chapter 9 may elect to be governed as a worker cooperative<\/span> in accordance with the provisions of this article by so stating in its articles of incorporation or articles of amendment filed in accordance with § 13.1-710<\/a>. The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618<\/a> et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A worker cooperative<\/span> may be formed for any lawful purpose, provided that it shall be organized and shall conduct its business primarily for the mutual benefit of its members<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORMATION OF WORKER COOPERATIVE; PURPOSE (\u00a7 13.1-347)\n\nA. Any corporation incorporated under Article 3 (§ 13.1-618 et seq.) of\nChapter 9 may elect to be governed as a worker cooperative in accordance with\nthe provisions of this article by so stating in its articles of incorporation or\narticles of amendment filed in accordance with § 13.1-710. The offering of\nan employee stock ownership plan governed by 26 U.S.C. § 401 by a\ncorporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9\nto its employees shall not be considered an election to be governed as a worker\ncooperative.\n\nB. A worker cooperative may be formed for any lawful purpose, provided that it\nshall be organized and shall conduct its business primarily for the mutual\nbenefit of its members.\n\nHISTORY: 2020, c. 673.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}