Article 35. Reorganization of the Consumer Cooperative Law on Consumer Cooperatives
1. The reorganization of a consumer cooperative (merger, affiliation, division, separation) may be carried out voluntarily by decision of the general meeting. The alienation of a share or other change in the membership of a consumer cooperative is not a reorganization of the consumer cooperative.
2. In cases established by legislative acts, the compulsory reorganization of a consumer cooperative in the form of its division or separation from its membership of one or more consumer cooperatives is carried out by a court decision.
3. A consumer cooperative cannot be transformed into other types and forms of legal entities.
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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