Proceeds of subscriptions in cash may be withdrawn only after the registration of the cooperative
at the Register of Cooperatives.
The withdrawal shall be done by the chairman of the board of directors upon presentation to the
depositary of the certificate of the authority in charge of cooperatives confirming the registration
of the cooperative.
Any subscriber may, six months after paying for the subscription, petition the competent court to
rule expeditiously in order to appoint an administrator in charge of withdrawing the funds to pay
back subscribers, if, on that date, the cooperative is not yet registered.
Sub-section 5: In-kind contributions
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 79