The membership shares representing cash contributions shall be fully paid during the
subscription of capital, at least a quarter of their par value.
The payment of surplus shall occur within a period which may not exceed three years from the
registration of the cooperative in the Register of Cooperatives as defined by the articles and the
rules of procedure.
Insofar as the capital is not fully paid, the cooperative may not increase its statutory minimum
capital, except if such capital increase is realized through in-kind contributions or the arrival of
new members.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 77