Amendment to Farmers' Cooperatives Act: Reducing Minimum Member Count
The draft law aims to facilitate the association of farmers by reducing the minimum number of founders and members of a cooperative to four. Additionally, the draft introduces a limit of 25% of voting power for a single member in cooperatives consisting exclusively of legal entities.
Key points
Reducing the minimum number of farmers required to establish and operate a cooperative to four.
Introducing a 25% vote limit at the general meeting for a single member in cooperatives consisting solely of legal entities.
The law enters into force 14 days after its announcement.
Status:
In Progress
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