Absent the statutory clauses relating to an amicable liquidation of the cooperative, its liquidation shall be carried out in accordance with the relevant provisions consistent with Articles 203 to 241 of the Uniform Act on Commercial Companies and Economic Interest Grouping.
Formalities that have to be carried out at the Register of Cooperatives shall be those provided for by the Register of Commerce and Securities and the provisions mentioned in paragraph 1 above.
The liquidation surplus shall be given to other cooperatives governed by the provisions of this Uniform Act or institutions or organizations working for the promotion of the cooperative movement.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 53
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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