An act relating to worker cooperatives

This bill modifies Vermont's laws governing worker cooperatives by updating membership requirements and share structures. It requires that at least 51% of a worker cooperative's regular workforce must be members, and each member can own only one membership share regardless of how much they pay. The legislation allows cooperatives to set membership fees and offers flexible payment options like payroll deductions, while granting members the same rights and responsibilities as traditional stockholders. These changes take effect on July 1, 2023, and apply to worker cooperatives organized under Vermont state law.