The dissolution of the cooperative network of means or goals shall entail its liquidation. The
legal personality of the network shall remain valid for the purposes of liquidation.
The liquidation shall be carried out in accordance with the provisions of the agreement. Failing
this, a liquidator shall be appointed by the general meeting of the members of the network or if
the meeting is unable to proceed with such appointment, by the decision of the competent court.
After payment of debts, surplus assets shall be vested either to other networks of cooperatives
or to cooperatives of one of the States Parties, or to one or several organizations that support
and promote cooperatives.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 52