805 ILCS 317/52

    (805 ILCS 317/52)
    Sec. 52. System of internal capital accounts.

(a) A limited worker cooperative association may establish
through its articles or cooperative agreement a system of
internal capital accounts to reflect the book value and to
determine the redemption price of membership interests and
written notices of allocation.

(b) The articles or cooperative agreement of a limited
worker cooperative association may permit the periodic
redemption of written notices of allocation and shall
provide for recall and redemption of membership interests
upon termination of membership in the association.

(c) An association may allocate a portion of retained net
earnings and net losses to a collective reserve account.
Earnings assigned to the collective reserve account may be
used for any and all purposes as determined by the board of
managers or managing members.

(Source: P.A. 102-351, eff. 8-13-21.)