Concerns workers' cooperative societies.

This bill amends New Jersey's laws governing worker cooperatives, directly affecting businesses owned and operated by their employees. Key changes include requiring cooperatives to file registration documents with the Labor Commissioner (replacing previous requirements), mandating annual financial reports detailing capital, ownership, and debts, and establishing a 5% annual sinking fund from profits before distributions. The bill also clarifies rules for transferring ownership shares and dissolving cooperatives, specifying filings must go to the Labor Commissioner instead of the Secretary of State. These provisions aim to streamline formation, increase transparency, and ensure financial accountability for worker-owned businesses.