Article 13. Membership in a consumer cooperative of the Consumer Cooperative Act

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1. Citizens who have reached the age of eighteen and legal entities may be members of a consumer cooperative.

2. Citizens and legal entities may be members of several consumer cooperatives.

3. The number of members of a consumer cooperative must be at least two citizens. The maximum number of members of a consumer cooperative is not limited.

4. Admission of new members to the consumer cooperative, made in compliance with the provisions of this Law and the charter of the consumer cooperative, is formalized by a decision of the general meeting.

5. A citizen or a legal entity wishing to become a member of a consumer cooperative shall submit to the executive body a written application for admission to the consumer cooperative. The application must contain the surname, first name, patronymic, place of residence and details of the identity document of the citizen or the name, location and bank details of the legal entity.

6. An application for admission to a consumer cooperative must be reviewed within ten days by the executive body of the consumer cooperative.

7. Third parties who have received the right to a share in the property of a consumer cooperative after its creation have the primary right to become members of the consumer cooperative.

8. In the event of the death of a member of a consumer cooperative, his heirs have the primary right to become members of the consumer cooperative, unless otherwise provided by the cooperative's charter. In the latter case, the consumer cooperative pays the heirs a share in the property of the consumer cooperative, proportional to its property (share) contribution.

The Law of the Republic of Kazakhstan dated May 8, 2001, No. 197.

This Law defines the legal status of consumer cooperatives, the organizational, economic and social conditions of their creation, operation, reorganization and liquidation, the rights and obligations of members, the powers and responsibilities of management and control bodies.

President

Republic of Kazakhstan

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