Cooperative Societies Proclamation (No. 147/1998).
Country
Type of law
Legislation
Abstract
The text consists of 60 articles divided into 10 Parts: General (1); Formation and registration of cooperative societies (2); Rights and duties of members of a society (3); management bodies (4); Special privileges (5); Asset and funds societies (6); Audit and inspection (7); Dissolution and winding up of societies (8); Settlement of disputes (9); Miscellaneous provisions (10).
“Cooperative societies” shall include, amongst others, agricultural cooperative societies and fishery cooperative societies. Article 4 defines the objectives of a society, whereas article 5 outlines the guiding principles of a cooperative society. Cooperative societies may, according to their nature, be established at different levels, i.e. from primary up to deferral level (art. 6). Societies shall be registered by appropriate authority (art. 9). Societies shall have juridical personality and issue proper by-laws (arts. 10 and 11). Articles 46 to 52 concern mediation and arbitration of disputes specified in article 9.
“Cooperative societies” shall include, amongst others, agricultural cooperative societies and fishery cooperative societies. Article 4 defines the objectives of a society, whereas article 5 outlines the guiding principles of a cooperative society. Cooperative societies may, according to their nature, be established at different levels, i.e. from primary up to deferral level (art. 6). Societies shall be registered by appropriate authority (art. 9). Societies shall have juridical personality and issue proper by-laws (arts. 10 and 11). Articles 46 to 52 concern mediation and arbitration of disputes specified in article 9.
Attached files
Date of text
Repealed
Yes
Serial Imprint
Federal Negarit Gazeta No. 27, 5th year, 29 December 1998, pp. 942-956.
Source language
English
Legislation Amendment
No
Implemented by
Repealed by