Consumer Cooperatives Act.

The purpose of this Act is to contribute to the improvement of livelihood of cooperative members as consumers and the promotion of welfare and lifestyles of citizens by promoting independent, selfsupporting, and autonomous activities of consumers in cooperatives based on a spirit of mutual assistance. In particular, the Act makes provisions for the registration and organization of cooperative societies, defines their powers, privileges and duties and provides for their internal organization, management and finances, and provides for other matters relating to the functioning of cooperative societies and cooperative development. The text consists of 88 articles.