Cooperative

The cooperative is a form of membership organization based on the principle of cooperation. It aims to serve the best economic interests of its participants (members or members).

The cooperative allows the use of a joint-stock company in which decision-making methods are egalitarian and based on the democratic principle “one man = one vote”. No profits are distributed to cooperators. Members may receive rebates on profit results

Here you can find our video on the merchant cooperative.

In addition to cooperatives whose purpose is general, the law has regulated the creation and operating rules of cooperatives whose purpose is specific, for example:

  • Artisanal cooperative societies,
  • Cooperative river transport companies,
  • Cooperative banking societies,
  • Consumer cooperative societies.
  • Cooperative societies of retail merchants,
  • Cooperative societies for the allocation of real estate,
  • Cooperative societies of transport companies,
  • HLM cooperative societies,
  • Cooperative Maritime Interest Societies,
  • Workers’ production cooperatives.

    • European

  • Cooperative Societies.

The general regime established by Law No.47-1775 of 10 September 1947 (with the amendments made by Law No.92-643 of 13 July 1992) is applicable to any cooperative provided that it is not subject to any particular statute or that this statute does not include stricter rules. For cooperatives subject to a special statute, the provisions of the general scheme shall apply to them only insofar as the provisions of their own scheme do not contradict them.

The entire general system is dominated by the idea that cooperatives are companies (L. 10 Sept. 1947, art. 1.The general regime established by Law No.47-1775 of 10 September 1947 (with the amendments made by Law No.92-643 of 13 July 1992) is applicable to any cooperative provided that it is not subject to any particular statute or that this statute does not include stricter rules. For cooperatives subject to a special statute, the provisions of the general scheme shall apply to them only insofar as the provisions of their own scheme do not contradict them.

The entire general system is dominated by the idea that cooperatives are companies (L. 10 Sept. 19471.