The Articles of Association shall include:
1) the type of cooperative;
2) its trade name, where appropriate, its abbreviation;
3) the nature and the sector of activitythat forms its corporate purpose;
4) its registered office and its duration;
5) the common bond that unites the members;
6) the full names andresidence address of each founding member;
7) the specific number or the minimum or maximum numbers of its directors or members of
the management committee and all provisions relating to the powers of directors or
members of the management committee;
8) the specific number or the minimum or maximum numbers of the members of the
supervisory board or the supervisory council andall provisions relating to the exercise of
the mandates of these bodies;
9) the duration of the mandate of the management committee, the board of directors, the
supervisory board and the supervisory council;
10) anyrestriction relating to the maximum percentage of share capital entitled for each
holder;
11) a statement that the cooperative will be organized and operated and will carry on its
business based on cooperative principles and the reminder of those principles;
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12) the identity of cash contributors with, for each of them, the amount of their contributions,
the number and value of the shares handed over in respect for each contribution;
13) the identity of in-kind contributors, the nature and assessment of contributions made by
each of them, the number and value of shares handed over in respect for each
contribution, the regime of goods or values provided when their value exceeds the
required contributions;
14) the amount of share capital, related minimum and maximum restrictions, the par value of
various categories of shares, specific conditions of their issuance or subscription;
15) provisions relating to the distribution of earnings and in particular, surpluses and
reserves;
16) the type of business conducted by the cooperative;
17) the signature of the founding members or the affixing of their fingerprints;
18) the extent of transactions with non-cooperative users, while safeguarding the autonomy
of the cooperative;
The Articles of Association may also contain:
1) Any provisions regarding:
-
the maximum rate of yields that may be applied to member loans or membership shares;
-
the maximum remuneration rate that can be applied to members’ shares;
2) Any restriction on the commercial activities of the cooperative.
Sub-section 3: Trade name
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 17