{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-353.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-353.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-353.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-353.html"}],"law_id":346621,"edition_id":2,"section_id":346621,"structure_id":49765,"section_number":"13.1-353","catch_line":"Net earnings or losses; apportionment, distribution, and payment","history":"2020, c. 673.","full_text":"A\n\nThe net earnings or losses of a worker cooperative shall be apportioned and distributed at such times and in such manner as the articles of incorporation or bylaws shall specify.\n\nB\n\nNet earnings declared as patronage allocations with respect to a period of time, and paid or credited to members, shall be apportioned among the members in accordance with the ratio that each member’s patronage during the period involved bears to total patronage by all members during that period.\n\nC\n\nThe apportionment, distribution, and payment of net earnings required by subsection B may be in cash, credits, written notices of allocation, or shares without voting rights issued by the worker cooperative.\n\n","order_by":null,"text":{"0":{"id":1292526,"text":"The net earnings or losses of a worker cooperative shall be apportioned and distributed at such times and in such manner as the articles of incorporation or bylaws shall specify.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1292527,"text":"Net earnings declared as patronage allocations with respect to a period of time, and paid or credited to members, shall be apportioned among the members in accordance with the ratio that each member’s patronage during the period involved bears to total patronage by all members during that period.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1292528,"text":"The apportionment, distribution, and payment of net earnings required by subsection B may be in cash, credits, written notices of allocation, or shares without voting rights issued by the worker cooperative.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":49765,"edition_id":2,"name":"Worker Cooperatives","identifier":"3","label":"article","depth":3,"order_by":3,"parent_id":49762,"metadata":{"child_laws":10,"child_structures":0},"date_created":"2026-08-02 02:14:42","date_modified":"2026-08-02 12:29:05","permalink":{"id":1376727,"object_type":"structure","relational_id":49765,"identifier":"3","token":"13.1\/3\/3","url":"\/13.1\/3\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49762,"edition_id":2,"name":"Cooperative Associations","identifier":"3","label":"chapter","depth":2,"order_by":3,"parent_id":49726,"metadata":{"child_laws":60,"child_structures":3},"date_created":"2026-08-02 02:14:34","date_modified":"2026-08-02 12:29:05","permalink":{"id":1376521,"object_type":"structure","relational_id":49762,"identifier":"3","token":"13.1\/3","url":"\/13.1\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346614,"structure_id":49765,"section_number":"13.1-346","catch_line":"Definitions","url":"\/13.1-346\/","token":"13.1\/3\/3\/13.1-346","metadata":false},{"id":346615,"structure_id":49765,"section_number":"13.1-347","catch_line":"Formation of worker cooperative; purpose","url":"\/13.1-347\/","token":"13.1\/3\/3\/13.1-347","metadata":false},{"id":346616,"structure_id":49765,"section_number":"13.1-348","catch_line":"Name","url":"\/13.1-348\/","token":"13.1\/3\/3\/13.1-348","metadata":false},{"id":346617,"structure_id":49765,"section_number":"13.1-349","catch_line":"Application of other laws","url":"\/13.1-349\/","token":"13.1\/3\/3\/13.1-349","metadata":false},{"id":346618,"structure_id":49765,"section_number":"13.1-350","catch_line":"Revocation of election to be governed as worker cooperative; limitation on mergers","url":"\/13.1-350\/","token":"13.1\/3\/3\/13.1-350","metadata":false},{"id":346619,"structure_id":49765,"section_number":"13.1-351","catch_line":"Qualifications of members; membership shares","url":"\/13.1-351\/","token":"13.1\/3\/3\/13.1-351","metadata":false},{"id":346620,"structure_id":49765,"section_number":"13.1-352","catch_line":"Voting rights","url":"\/13.1-352\/","token":"13.1\/3\/3\/13.1-352","metadata":false},{"id":346621,"structure_id":49765,"section_number":"13.1-353","catch_line":"Net earnings or losses; 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United States","case_number":"3:00cv365","citation":"215 F. Supp. 2d 687","date":"2002-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2503699\/trigon-insurance-v-united-states\/","abstract":" .\u202f.\u202f. 215 F.Supp.2d 687 (2002) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":346623,"structure_id":49765,"section_number":"13.1-355","catch_line":"Internal capital accounting","url":"\/13.1-355\/","token":"13.1\/3\/3\/13.1-355","metadata":false}],"previous_section":{"id":346620,"structure_id":49765,"section_number":"13.1-352","catch_line":"Voting rights","url":"\/13.1-352\/","token":"13.1\/3\/3\/13.1-352","metadata":false},"next_section":{"id":346622,"structure_id":49765,"section_number":"13.1-354","catch_line":"Internal capital accounts; redemption of shares; collective reserve account","url":"\/13.1-354\/","token":"13.1\/3\/3\/13.1-354","metadata":{"court_decisions":{"0":{"name":"Trigon Insurance v. United States","case_number":"3:00cv365","citation":"215 F. Supp. 2d 687","date":"2002-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2503699\/trigon-insurance-v-united-states\/","abstract":" .\u202f.\u202f. 215 F.Supp.2d 687 (2002) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-353\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 673<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1376757,"object_type":"law","relational_id":346621,"identifier":"13.1-353","token":"13.1\/3\/3\/13.1-353","url":"\/13.1-353\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-353\/","token":"13.1\/3\/3\/13.1-353","dublin_core":{"Title":"Net earnings or losses; apportionment, distribution, and payment","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-353","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The net earnings or losses of a worker cooperative<\/span> shall be apportioned and distributed at such times and in such manner as the articles of incorporation or bylaws shall specify. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Net earnings declared as patronage<\/span> allocations with respect to a period of time, and paid or credited to members<\/span>, shall be apportioned among the members<\/span> in accordance with the ratio that each member<\/span>’s patronage<\/span> during the period involved bears to total patronage<\/span> by all members<\/span> during that period. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The apportionment, distribution, and payment of net earnings required by subsection B may be in cash, credits, written notices of allocation, or shares without voting rights issued by the worker cooperative<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nNET EARNINGS OR LOSSES; APPORTIONMENT, DISTRIBUTION, AND PAYMENT (\u00a7 13.1-353)\n\nA. The net earnings or losses of a worker cooperative shall be apportioned and\ndistributed at such times and in such manner as the articles of incorporation or\nbylaws shall specify.\n\nB. Net earnings declared as patronage allocations with respect to a period of\ntime, and paid or credited to members, shall be apportioned among the members in\naccordance with the ratio that each member’s patronage during the period\ninvolved bears to total patronage by all members during that period.\n\nC. The apportionment, distribution, and payment of net earnings required by\nsubsection B may be in cash, credits, written notices of allocation, or shares\nwithout voting rights issued by the worker cooperative.\n\nHISTORY: 2020, c. 673.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}