A cooperative is an autonomous group of individuals who willingly join together to fulfill their aspirations and meet their common economic, social, and cultural needs so as to form a corporate body whose ownership and management are collective and where power is exercised democratically and according to the cooperative basis.
The cooperative may, in addition to its members who are the main users thereof, provide services to non-cooperative users within the limits set by the Articles of Association.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 10
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 4 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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