Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 81.923. Use of internal capital and collective reserve accounts;  redemption of corporate shares and written notices of allocation;  recall and redemption of membership shares

1. Establish a system of internal capital accounts to reflect the book value of the worker cooperative and to determine the redemption price of membership shares, corporate shares and written notices of allocation.

2. Permit the periodic redemption of written notices of allocation and corporate shares and may provide for recall and redemption of membership shares upon termination of membership in the worker cooperative unless the redemption would result in the liability of a director of the worker cooperative.

3. Authorize the worker cooperative to pay or credit interest on the balance of the internal capital account of each member.

4. Authorize the assignment of a portion of retained net earnings and net losses to a collective reserve account.  Such assigned earnings may be used for any corporate purpose determined by the board of directors of the worker cooperative.