Paper
Russia: Federal Law on Agricultural Cooperation
Regulating the relationships agricultural cooperatives and their unions need to form and operate
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27 pages
This paper is a federal law on 'agricultural cooperation' as legislated by the Russian parliament in 1995. It determines the legal and economic principles of the formation/working of agricultural cooperatives in Russia.
The paper:
- Interprets the application of this Act:
- Defines the common terms used;
- Describes the cooperative rules and membership.
The paper further goes on to:
- Elaborate on what constitutes cooperative property;
- Prescribe the character of management and control essential for any agricultural cooperative falling under this law;
- Describe guidelines pertaining to reorganization and liquidation of agricultural cooperatives.
The conclusive provision makes it essential for the cooperative entities (pursuing the subject activities), formed prior to the enactment of this law, to bring status in conformity with this law within one year of its coming into force.
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