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November 29, 2024 Clouds | 44°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 2: Definitions

Section 2. As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:

''Employee cooperative'', a corporation which has elected to be governed by the provisions of this chapter.

''Member'', a natural person who has been accepted for membership in, and owns a membership share issued by an employee cooperative.