Article 4. Consumer Cooperative of the Consumer Cooperative Act

Home / RLA / Article 4. Consumer Cooperative of the Consumer Cooperative Act

1. A consumer cooperative is a non-profit organization and can engage in entrepreneurial activity only insofar as it meets its statutory goals.

2. A consumer cooperative is created at the expense of property (share) contributions to perform certain functions related to satisfying the interests of its members.

3. A consumer cooperative is considered to be established for an indefinite period, unless the constituent documents provide that it is created for a certain period of time or to achieve a specific goal.

4. Labor relations in a consumer cooperative are regulated by this Law, labor legislation and the charter. The amount of remuneration for the personal labor participation of members of a consumer cooperative in its activities, as well as the amount of remuneration for persons working under an employment contract, shall be determined by a decision of the general meeting.

5. Personal labor participation of members of a consumer cooperative in its activities is not mandatory.

6. The main consumers of the results of activities (manufactured or purchased goods, works, and services) are members of the 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.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases