Article 21. The Supervisory Board of the Consumer Cooperative of the Consumer Cooperative Law

Home / RLA / Article 21. The Supervisory Board of the Consumer Cooperative of the Consumer Cooperative Law

1. The supervisory board of a consumer cooperative may be established if it is provided for by the charter of the consumer cooperative in order to control the activities of the executive body of the consumer cooperative by its members. The powers of the Supervisory Board are determined by the charter.

2. The Supervisory Board of a consumer cooperative consists of its members elected by the general meeting of the members of the consumer cooperative. The number of members of the supervisory board and the procedure for its decision-making are established by the charter of the consumer cooperative.

3. A member of the Supervisory board may not simultaneously be a member of the executive body, the audit commission of a consumer cooperative, or the chairman of a consumer cooperative.

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.

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Republic of Kazakhstan

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