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Name: Cooperative Societies Rules. No. 15.
Country: Belize
Subject(s): Cooperatives
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 1949
Entry into force:
Published on: Statutory Instruments, 19 p.
ISN: BLZ-1949-R-32519
Bibliography: Statutory Instruments, 19 p.
Legislation on-line Legislation on-line Laws of Belize - Belizelaw.Org, Government of Belize, Belize PDF of Act (2003 rev.) PDF of Act (2003 rev.) (consulted on 2013-12-16)
Abstract/Citation: These rules, made under section 50 of the Cooperative Societies Ordinance of 1948, make provisions for the registration of cooperatives. It sets forth the criteria for membership and nominees. Provides for the division of profits among members. Specifies that the supreme authority shall be vested in the general meeting of members. Sets up the election of a Committee which shall represent cooperatives before all competent public authorities. Members who desire to obtain a secured loan shall submit an application to the committee which may approve it. Obliges every member of a registered society to deliver to it such amount of article produced or obtained by him, to be disposed of by the registered society. Other provisions cover the annual account, the appointment of a secretary and a treasurer, the reserve fund, the audit and accounts, by-laws and settlement of disputes.
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