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Senators Move to Modernize Cooperative Law, Allowing Worker and Multi‑stakeholder Co‑ops
Summary
The Senate passed SB 2922 with amendments to expand chapter 421C from consumer cooperatives to a general cooperative associations act, recognizing worker, producer, and multi‑stakeholder co‑ops; committees defected the effective date to July 1, 2050 to continue deliberations.
Supporters told the Commerce Committee SB 2922 is intended to modernize Hawaii’s cooperative statute to permit formation of worker, producer, and multistakeholder cooperatives without forcing them to use a consumer cooperative framework.
Kean DeFranco of the Purple Maia Foundation and Hawaii Coop Hui said the amended bill…
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