VA HB55 | 2020 | Regular Session


Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 30 2019 - 25% progression
Action: 2019-11-30 - Committee Referral Pending
Text: Latest bill text (Prefiled) [HTML]


Worker cooperatives. Establishes worker cooperatives as a category of cooperative associations. A worker cooperative is a stock corporation that has elected to be governed by provisions established by this measure, which include (i) conducting its business primarily for the mutual benefit of its members, (ii) allowing only current and retired employees to be members, (iii) limiting voting rights to current employees, (iv) providing that each employee is entitled to one vote, (v) prohibiting any person from owning more than one membership share, (vi) requiring at least two-thirds of employees to own membership shares, and (vii) requiring that net earnings be paid or credited to members in accordance with the ratio that each member's amount of work performed during a period bears to the total amount of work performed by all members during that period.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.


Worker cooperatives; established as a category of cooperative associations.



2019-11-30HouseCommittee Referral Pending
2019-11-30HousePrefiled and ordered printed; offered 01/08/20 20100832D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
131301(n/a)See Bill Text
131307(n/a)See Bill Text
131308(n/a)See Bill Text
131346(n/a)See Bill Text
131355(n/a)See Bill Text

Virginia State Sources

Bill Comments