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Dominica (223) > Cooperatives (2)

Name: Cooperative Societies Regulations, 2001 (S.R.O. 26).
Country: Dominica
Subject(s): Cooperatives
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 2001-08-21
Entry into force:
Published on: Printed separately, 22 p. (DOC.NORMES)
ISN: DMA-2001-R-61003
Bibliography: Printed separately, 22 p. (DOC.NORMES)
Abstract/Citation: Made under Section 239 of Cooperative Societies Act. Regulates various aspects of activities of cooperative societies, such as dividend rate, transfer of shares, minimum amount of bond, annual financial statements and special returns, auditor's report, election of directors, term of office, meetings of directors, appointment of secretary and treasurer, duties of secretary and treasurer, supervisory committee, procedure on appeal of termination of membership, unclaimed amounts in case of terminated membership, liquidity, loan approval, borrowing by director, security for loans, loan terms and conditions, doubtful loans, doubtful loans allowance, overdue loans, investment, use of statutory reserves, credit committee, interest on loans, deposits, maximum liability on deposits and loans, bank account, and branches.
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