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Decree-Law No. 16/2004 regulating cooperatives.

Country/Territory
Timor-Leste
Document type
Legislation
Date
2004 (2022)
Source
FAO, FAOLEX
Original source
Jornal da República, I Série, No. 16.
Subject
Agricultural & rural development
Keyword
Classification/declassification Community management Legal proceedings/administrative proceedings Basic legislation Cooperative/producer organization Gender
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia
Entry into force notes
This Decree-Law enters into force one month after its publication.
Abstract

This Decree-Law, composed of 92 articles divided in ten Chapters, aims to help rekindle cooperative values in order to release energy to rebuild the country and the mentalities and values that have been deformed during the period of military occupation. This Decree-Law establishes the set of norms that will regulate the formation, organization and functioning of cooperatives as legal persons, as well as the winding-up and liquidation. Moreover, it classifies the relevant branches of the cooperative sector, such as production and work, consumption, trade, agriculture and fisheries. The Decree-Law defines the types of cooperatives and regulates their establishment, membership, management, winding up, liquidation and transformation. Voluntary and open membership- Cooperatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. Men and women actively participate in the formulation of policies and in decision-making process.

Full text
Portuguese/English
Website
www.legis-palop.org