A basic piece of law on formation and management of cooperative societies in Germany. In particular, article 1 lists types of registered cooperative societies as follows: 1) loan and credit associations; 2) commodity associations; 3) associations established for the joint sale of agricultural or industrial products (marketing cooperatives, warehousing associations); 4) associations established for the production of goods and the sale thereof on joint account (producers' cooperatives); 5) associations established for the joint purchase of victuals or commodities on a large and discounting on a small scale (consumer cooperatives); 6) associations established for procuring objects for agricultural or industrial purposes and use thereof on joint account; 7) associations established for the purpose of building houses, acquire the right of a "registered cooperative society" according to this Act. The text consists of 10Parts divided into 169 articles as follows: Formation of a cooperative society (1); Legal status of a cooperative society and its members (2); Representation and management (3); Auditing and audit unions (4); Withdrawal by individual members (5); Dissolution and nullity of a cooperative society (6); Insolvency proceedings and liability of members (7); Amount of liability (8); Penalties and fines (9); Final provisions (10).
Германия · 1889-01-01