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Original name: Osuuskuntalaki
Name: Co-operatives Act (1488/2001).
Country: Finland
Subject(s): Cooperatives
Type of legislation: Law, Act
Adopted on: 2001-12-28
Entry into force:
ISN: FIN-2001-L-62984
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=62984&p_lang=en
Bibliography: Unofficial English translation Unofficial English translation Ministry of Justice, Finlex, Finland, 96 p. PDF PDF (DOC.NORMES) (consulted on 2006-06-21)
Acts on-line in Finnish and Swedish Acts on-line in Finnish and Swedish FINLEX, Ministry of Justice, Finland PDF PDF (DOC.NORMES) (consulted on 2011-05-27)
Abstract/Citation: Chapter 1 contains general provisions (scope, definitions, liability of members). Chapter 2 provides for incorporation and rules (registration, etc.) and Chapter 3 deals with membership (minimum number of members, membership register, right to resign, decision to expel). Chapter 4 contains provisions on general meetings and Chapter 5 on management. Chapter 6 deals with accounts, Chapter 7 with audits, Chapter 8 with use of assets and funds. Chapters 9, 10, 11 and 12 deal with shares. Chapter 13 provides for rules regarding capital loans. Chapter 14 concerns extraordinary payments, Chapter 15 liability of refinancing, Chapter 16 mergers, Chapter 17 division of a co-operation and Chapter 18 reincorporation. Chapter 19 provides for liquidation, dissolution, deregistration, restructuring and bankruptcy and Chapter 20 for rules of liability. Chapter 21 makes provisions for savings funds operations and Chapter 22 provides for penal provisions. Unofficial translation (Ministry of Labour, 2002) available in English.
Amending text(s):

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