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Co-operative Societies Act (Cap. 314).

Country/Territory
Bahamas
Document type
Legislation
Date
2005
Source
FAO, FAOLEX
Long title
An Act respecting the registration, supervision and management of Co-operative Societies, the members of which have a common bond of philosophy and social and economic objectives.
Subject
Agricultural & rural development
Keyword
Agricultural development Cooperative/producer organization Registration Contract/agreement Institution Basic legislation
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Abstract

This Act makes provision with respect to establishment, registration, management, operation, reconstruction, amalgamation and dissolution of co-operative societies The Bahamas. It also contains rules relative to the disposal of produce of members through co-operative societies and provides for settlement of disputes. For this purpose it establishes the Registered Societies Appeals Tribunal. Before carrying out business, co-operative societies shall be registered with the Director of Societies established under this Act. The Director shall also perform other functions including the supervision of societies. The Act also creates an apex body, which shall coordinate, assist and promote all registered societies. Societies shall have a precedence in claims on debts to be recovered from members, excluded government claims or claims relative to rents by landlords.

Full text
English
Website
laws.bahamas.gov.bs

References - Legislation

Implemented by

Co-operative Societies Regulations (Cap. 314).

Legislation | Bahamas | 1997

Keyword: Agricultural development, Cooperative/producer organization, Registration, Contract/agreement

Source: FAO, FAOLEX

Amended by

Co-operative Societies Act (No. 8 of 2015).

Legislation | Bahamas | 2015

Keyword: Agricultural development, Cooperative/producer organization, Basic legislation

Source: FAO, FAOLEX