Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Law No. 119/2015 approving the Code of Cooperatives.

Country/Territory
Portugal
Document type
Legislation
Date
2015
Source
FAO, FAOLEX
Original source
Diário da República, 1 Serie, No. 169, 31 August 2015.
Subject
Agricultural & rural development, Fisheries
Keyword
Cooperative/producer organization Agricultural development Credit Financial agricultural measures Basic legislation Fishery management and conservation
Geographical area
Europe, Europe and Central Asia, European Union Countries, North Atlantic, North-East Atlantic, Southern Europe
Entry into force notes
This Law enters into force 30 days after its publication.
Abstract

This Law, consisting of 122 articles divided into 9 Chapters, approves the Code of Cooperatives. It establishes and applies to cooperatives of all grades and related organizations of the country. It establishes that cooperatives are autonomous collective entities, with constitution, variable capital and composition, in accordance with cooperative principles, are aimed at satisfying the economic, social or economic needs and aspirations. Cooperatives, in pursuit of their objectives, may carry out operations with third parties, without prejudice to any limits established by the laws of each branch. The cooperative sector comprises the following branches: a) Agricultural; b) Crafts; c) Marketing; d) Consumers; e) Credit; f) Culture; g) Teaching; h) Housing and construction; i) Fisheries; j) Worker production; k) Services; l) Social solidarity. The Law is divided as follows: General provisions (Chap. I); Constitution (Chap. II); Member States (Chap. III); Organs of cooperatives (Chap. IV); Economic Regime (Chap. V); Unions, federations and confederations (Chap. VI); Fusion, division, transformation, dissolution and liquidation of cooperatives (Chap. VII); António Sérgio Cooperative for the Socio-Economy (CASES) (Chap. VIII); Final and transitional provisions (Chap. IX).

Full text
Portuguese
Website
www.dre.pt