A cooperative shall be composed of members who, united by common bond on the basis of which the cooperative was created, shall take part in the activities of the cooperative and hold shares proportional to their contributions and pursuant to cooperative principles.
Within the meaning of this Uniform Act, the common bond shall refer to the element or objective criteria that members have in common and on the basis of which they gather.
It may, in particular, be related to a profession, an identity of a purpose, business or legal form.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 11
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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