Cooperative society Initial Capital

1/ Any primary cooperative society shall be established with an initial capital that covers at
least one year operation cost based on its plan and feasibility study.
2/ Any cooperative societies union shall be established with an initial capital of at least 25%
raised from member cooperative societies through special resolutions of general assembly to
implement plan developed for the union based on a feasibility study.
3/ Any cooperative societies federation shall be established with an initial capital of at least 30%
raised from member unions through special resolutions of general assembly to implement plan
developed for the federation based on a feasibility study. The share that the cooperative society
sells
may be sold either in cash or in kind. Shares
paid in kind shall be determined by the bylaw
of the cooperative society.
5/ No primary cooperative society member
shall hold more than 10% of the total share
sold by the decision of the general
assembly.
6/ Any member of a cooperative society union
and federation shall not hold more than 50%
of shares out of those that the general
assembly decided to be sold.
7/ If the value of shares prescribed in the name
of any member are not sold within four
years, it shall be presented for special
decision of the General Assembly.

The supreme organ of any cooperative society

shall be the general assembly