WV HB2767

Establishes the West Virginia Workers Cooperative Corporations Act, creating a legal framework for employee-owned cooperative corporations where workers are member-owners

Defines worker cooperatives as corporations with worker-members whose patronage consists of labor contributed, with patronage measured by wages earned, hours worked, seniority, or jobs created

Limits individual worker-member investment in shares or memberships to a maximum of $5,000

Restricts worker cooperatives from merging or consolidating with non-cooperative corporations; mergers permitted only with other worker cooperatives

Upon dissolution, requires distribution of the unallocated capital account to members based on patronage, capital contributions, or a combination, with any indivisible reserve account funds going to an International Cooperatives Alliance approved federation or regional body