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Law No. 1581 on Agricultural Loan Cooperatives and Unions.

Country/Territory
Türkiye
Document type
Legislation
Date
1972
Source
FAO, FAOLEX
Original source
Yayimlandigi R. Gazete No. 14172, 28 April 1972.
Subject
Agricultural & rural development
Keyword
Cooperative/producer organization Agricultural development Credit
Geographical area
Asia, Black Sea, Europe, Europe and Central Asia, Mediterranean, Middle East, Western Asia
Abstract

This Law which arranges all necessary procedures from the establishment to the dissolution of agricultural loan cooperatives that can be established to protect economic activities of the producers and especially to meet their vocational and subsistence needs through mutual assistance, includes 24 articles, 2 supplementary articles and 10 provisional articles, concerning board of directors, management, terminating the offices, type constitution, compliance with the instructions, supplementary article 1 on auditors, supplementary article 2 on inspection, provisional articles 8-10 on members of the board of directors have been amended by Law No. 3223 which have entered into force on 7 June 1985. As these amendments became inadequate in course of time to meet the requirements of producers. These new arrangements have reorganized the relations between agricultural loan cooperatives, regional and central unions with the Ministry of Agriculture and Rural Affairs, and those agencies became administratively autonomous. Functions of these Cooperatives are: to meet short and medium term loan requirements of their members, handle their products, and provide all kinds of machinery, equipment and facilities for common use; to provide production and essential consumption supplies of their members and other producers, develop handicrafts and handle the products, increase their vocational and technical knowledge, render social and cultural services, organize courses and seminars; to collect deposits, render banking and insurance services. The Law indicates the functions of regional unions and the central union, and duties and election procedures of cooperative board of directors.

Full text
Turkish

References - Legislation

Implemented by

Regulation on Cooperative Information System.

Legislation | Türkiye | 2022 (2023)

Keyword: Access-to-information, Cooperative/producer organization, Data collection/reporting, Inspection, Institution, Legal proceedings/administrative proceedings, Monitoring, Offences/penalties

Source: FAO, FAOLEX