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Law No. ZR-332 “On agricultural credit clubs”.

Country
Type of law
Legislation
Source


Abstract
This Law regulates the status of agricultural credit clubs and legal relations connected to their activities, determines club formation, membership, governing principles, obligatory requirements and conditions on involving resources and providing credit, insurance and other services to club members, as well regulating, controlling and reporting procedures. Goals and objectives of Agricultural Credit Clubs shall be: (a) assist individuals with the similar economic interests who conduct agricultural activities with financial services; and (b) ensure the purposeful and efficient usage of credit means directed to agriculture development and their repayment through both individual and group guarantee principles. The Club shall be non-commercial and non governmental entity created for mutual financial assistance and is based on the membership of individuals conducting agricultural activities.
Date of text
Entry into force notes
This Law enters into force on the date of its official publication.
Repealed
No
Source language

English

Legislation Amendment
No
Original title
ЗАКОН РЕСПУБЛИКИ АРМЕНИЯ О СЕЛЬСКОХОЗЯЙСТВЕННЫХ КРЕДИТНЫХ КЛУБАХ.