The articles provide for the constitution of a general reserve by annual levies on the operating
net surpluses before any other allocation.
The articles provide in the same conditions as in the paragraph above, the constitution of a
reserve for training, education and awareness campaign to cooperative principles.
Insofar as each of these legal reserves does not reach the amount of capital determined by the
articles, levies made in respect of each reserve may be less than twenty per cent of the net
operating surpluses.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 40