The simplified cooperative may be converted into a cooperative with a board of directors or a
cooperative not governed by this Uniform Act. Where appropriate, the provisions of Articles
167 to 173 above shall not apply.
The conversion of the simplified cooperative may only be realized where it has, at the time the
conversion is planned, an equity in the amount at least equal to its share capital and it has drawn
balancesheets of its two last financial years and submitted them for approval to the members.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 74