Article 33. Allocation of shares to a member of a consumer cooperative who is subject to exclusion from the consumer cooperative by the Consumer Cooperative Act
1. The allocation of a share to a member of a consumer cooperative who is subject to exclusion from the consumer cooperative is made by decision of the general meeting.
2. If a member of a consumer cooperative intentionally causes harm to the consumer cooperative or its members, they have the right to demand compensation from the causer at the expense of the allocated share.
3. If the parties do not agree on the amount of the compensated damage and the share allocated to the member of the consumer cooperative to be excluded, the disputes are resolved in court.
The Law of the Republic of Kazakhstan dated May 8, 2001, No. 197.
This Law defines the legal status of consumer cooperatives, the organizational, economic and social conditions of their creation, operation, reorganization and liquidation, the rights and obligations of members, the powers and responsibilities of management and control bodies.
President
Republic of Kazakhstan
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