Cooperative Law (1998).

This Law shall determine the legal basis for the structure and activities of cooperatives, and regulate the relations arising from the establishment, registration of the cooperative, termination of its activities, membership, and supervisions over cooperatives and enforcement of the legislation on cooperatives. A cooperative shall be of the following types according to its activity: 1) rough materials processing; 2) industrial; 3) credit union; 4) selling, supplying; 5) service; 6) construction of apartments; 7) consumer; 8)others. The Law consists of 8 Chapters that contain 50 articles. Chapter 1 (arts. 1-5) lays down general provisions. Chapter 2 (arts. 6-12) regards establishment and registration of cooperatives. Chapter 3 (arts. 13-21) regards membership of a cooperative. Chapter 4 (arts 22-35) regards management of a cooperative. Chapter 5 (arts 36-37) regards associations of cooperatives. Chapter 6 (arts. 38-48) regards dissolution of cooperatives. Chapter 7 (art. 49) establishes liability for the infringement of the legislation. Chapter 8 (art. 50) lays down implementing provisions.