WV HB5264

Creates a new legal framework for "workers cooperative corporations" in West Virginia where employees own and control the business, with voting power and profit distribution based on labor contributed rather than capital invested

Limits individual worker-member investment in shares or memberships to a maximum of $5,000 and requires membership to be indivisible (one member, one vote)

Defines patronage measurement options including wages earned, hours worked, seniority, or number of jobs created, which determines how net earnings and losses are distributed among worker-members

Restricts worker cooperatives from merging or consolidating with non-cooperative corporations, allowing mergers only with other worker cooperatives

Requires upon dissolution that the majority of unallocated capital be distributed to members based on patronage, capital contributions, or a combination, with any indivisible reserve funds going to an International Cooperatives Alliance-approved organization