Cooperation Law (No. 15 of 1992).
Country
Type of law
Legislation
Abstract
The Act consists of 46 articles, divided into 9 Chapters: Targets (I); Cooperative organizations (II); The General Federation for Cooperation (III); The Qualitative Cooperative (IV); Cooperative Societies (V); The Cooperation Fund (VI); Qualifying institution and cooperative training (VII); Privileges and exemptions (VIII); Final provisions (IX).
The Act provides a general framework for the development of cooperatives. The Act makes provision for the establishment of: (1) the General Federation for Cooperation; (2) the Qualitative Federations; (3) Cooperative Societies; (4) the Cooperative Fund; (5) the Qualifying and Cooperative Training Institution. The General Federation shall be guided by an administration council and shall function as a planning organ for cooperative development. The Qualitative Cooperative Federation shall have legal personality and pursue a specific cooperative aim at national level. The cooperative Society is a body established by natural persons with legal personality. Chapter 5 contains detailed rules regarding its establishment and functioning.
The Act provides a general framework for the development of cooperatives. The Act makes provision for the establishment of: (1) the General Federation for Cooperation; (2) the Qualitative Federations; (3) Cooperative Societies; (4) the Cooperative Fund; (5) the Qualifying and Cooperative Training Institution. The General Federation shall be guided by an administration council and shall function as a planning organ for cooperative development. The Qualitative Cooperative Federation shall have legal personality and pursue a specific cooperative aim at national level. The cooperative Society is a body established by natural persons with legal personality. Chapter 5 contains detailed rules regarding its establishment and functioning.
Attached files
Date of text
Entry into force notes
This Law shall enter into force on 13 October 1993.
Notes
The Cooperation Law of 1982 is hereby repealed.
Repealed
No
Serial Imprint
Alwaqai Aliraqiya, No. 41 of 13 October 1993, pp. 2-14.
Source language
English
Legislation Amendment
No
Original title
القانون التعاوني رقم (15) لسنة 1992م