Article 34. Property liability of a consumer cooperative and its members of the Consumer Cooperative Act
1. A consumer cooperative is liable for its obligations with all its property and is not liable for other obligations of the members of the consumer cooperative.
2. The members of the consumer cooperative are obliged to cover the losses incurred by additional contributions within three months after the approval of the annual balance sheet.
3. The subsidiary liability of the members of the consumer cooperative for the obligations of the consumer cooperative is determined in accordance with the procedure provided for by the civil legislation of the Republic of Kazakhstan.
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
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases
