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2020 SESSION
(HB55)AMENDMENT(S) PROPOSED BY THE SENATE
COMMERCE AND LABOR
1. Line 75, engrossed, after § 13.1-710.
insert
The offering of an employee stock ownership plan governed by 26 U.S.C. § 401 by a corporation incorporated under Article 3 (§ 13.1-618 et seq.) of Chapter 9 to its employees shall not be considered an election to be governed as a worker cooperative.