The duration of the cooperative may be extended one or more times. The decision of extension
shall state the duration.
The extension of the duration of the cooperative shall be determined, for each form of
cooperative, under the conditions provided by this Uniform Act for the amendment of the
articles.
One year at least before the expiry date of the duration of the cooperative, members must be
consulted in order to decide whether it should be extended. Failing this, any member may
petition the competent court that shall rule expeditiously within the jurisdiction in which is
located the registered office for the appointment of an agentto be responsible for organizing the
consultation provided for in this paragraph.
The extension of the duration of a cooperative shall not entail the creation of a new legal entity.
Sub-Section 7: Contributions
P. 21 of 110
Paragraph 1: General Provisions
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 20