Article 17. The Charter of the agricultural cooperative of the Law on Agricultural Cooperatives

Home / RLA / Article 17. The Charter of the agricultural cooperative of the Law on Agricultural Cooperatives

1. The charter of an agricultural cooperative is a document defining its legal status as a legal entity.

2. The charter of an agricultural cooperative is approved by a qualified majority (at least two thirds) of the votes of the founders of the cooperative at the constituent meeting and must necessarily contain:

1) brand name and legal form;

2) the status of a business entity;

3) location (location of the executive management body);

4) goals of creation and types of activities;

5) the procedure for the formation and competence of the governing bodies of an agricultural cooperative, and the procedure for their decision-making;

6) the procedure for convening and holding, including absentee, regular and extraordinary general meetings of cooperative members;

7) the procedure and conditions for joining an agricultural cooperative of members, including the procedure and conditions for joining associate members of the cooperative, and the procedure for leaving the agricultural cooperative;

8) grounds and procedure for exclusion from an agricultural cooperative;

9) payment (issue) procedure shares to cooperative members who have terminated membership in an agricultural cooperative;

10) the forms and types of documents generated in the activities of the agricultural cooperative, the procedure for maintaining the documentation of the agricultural cooperative;

11) the rights and obligations of the members of the cooperative, as well as the associate members of the cooperative;

12) sources of agricultural cooperative property formation;

13) the amount and procedure for making property (share) and entrance fees by members of the cooperative, the procedure and conditions for making property (share) contributions by associate members of the cooperative, as well as the consequences of late payment of property (share) contributions;

14) the nature and procedure of the cooperative's members' participation in its activities;

15) the procedure for the distribution of cooperative payments and income;

16) the procedure and conditions for covering losses of an agricultural cooperative;

17) the procedure for making amendments and additions to the constituent documents of an agricultural cooperative;

18) types and sizes of funds (unit, reserve), the procedure for their formation and use;

19) conditions for changing the type of activity of an agricultural cooperative;

20) conditions for the reorganization and liquidation of an agricultural cooperative.

3. By decision of the general meeting of the founders of the cooperative, its charter may include other information that does not contradict the legislation of the Republic of Kazakhstan, including those contained in the model charter of the agricultural cooperative, developed and approved by the authorized body in the field of development of the agro-industrial complex.

The Law of the Republic of Kazakhstan dated October 29, 2015 No. 372-V SAM.

President

Republic of Kazakhstan

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