Statute 81 957

1. A worker cooperative may revoke its election to be governed as a worker cooperative pursuant to NRS 81.919: (a) In a manner as provided by the articles of incorporation or bylaws of the worker cooperative, but by not less than a majority vote of the members; and (b) Through a certificate of amendment filed pursuant to chapter 78 of NRS. 2. A worker cooperative that revokes its election pursuant to subsection 1 shall, in its certificate of amendment, provide for the conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with chapter 78 of NRS. (Added to NRS by 2019, 913)