The competent court may also, on referral by the administrative authority responsible for
cooperatives or any interested person, dissolve any cooperative if, as the case may be:
a) the cooperative has not started its operations within two years from the registration
thereof;
b) it has not exercised its statutory activities for two consecutive years;
c) it has not complied with the provisions of this Uniform Act by holding annual meetings
for at least two consecutive years;
P. 56 of 110
d) it failed, for a period of one year, to send notices or documents required by this Uniform
Act to the competent institutions or authorities;
e) it is operating without management, administrative or supervisory board for at least
three months;
f) When the cooperative is not organized or has made no transactions in accordance with
the cooperative basis.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 55