Any cooperative shall have a purpose that consists of its business which must be defined and described in its articles.
The purpose of the cooperative must be lawful.
When the business carried out by the cooperative is regulated, it shall comply with the specific rules governing such business.
The corporate purpose may be changed for each form of cooperative under the conditions provided for by this Uniform Act for the amendment of the Articles of Association.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 16
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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Section 20 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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