Amends Decree Law N ° 1.320, 1976, On Cooperatives Open Housing, And Supreme Decree No. 502, 1978, The Ministry Of Economy, Development And Reconstruction, Which Fixed Text Revised, Coordinated And Systematized Law General Of Cooperative

Original Language Title: MODIFICA DECRETO LEY N° 1.320, DE 1976, SOBRE COOPERATIVAS ABIERTAS DE VIVIENDA, Y DECRETO SUPREMO N° 502, DE 1978, DEL MINISTERIO DE ECONOMIA, FOMENTO Y RECONSTRUCCION, QUE FIJO TEXTO REFUNDIDO, COORDINADO Y SISTEMATIZADO DE LA LEY GENERAL DE COOPERATIVA

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"(Artículo 1°.-Introdúcense las siguientes modificaciones ael decreto ley N° 1.320, de 1976, sobre Cooperativas Abiertas de Viviendas: a) replaced article 2 ° by the following: 'article 2.-the open housing cooperatives are those which are intended to contribute, on a permanent basis, to the solution of the housing problem of its partners, and may develop either simultaneous or successive different housing programs;" You can you have national or you develop a regional action. Its paid heritage may not be less than the equivalent to 2,000 units of promotion for the regional character and 7,000 units of promotion to the national level. They will have an unlimited number of partners, from a minimum of 200, to regional, and 300 for the nationals. Its duration is indefinite, without prejudice of what prescribed legislation and regulations and the articles of Association in terms of its dissolution. These cooperatives must adhere in their programmes to the housing policy established by the Ministry of housing and urban development";
(b) replace article 5 ° by the following: "article 5.-the Board of the cooperative, at the request of any interested partner, awarded in domain built dwellings that have assigned in use and enjoyment or that correspond to them, once the demands of construction and prior express consent of the mortgagee, in his case have been met.
However, cooperatives can retain ownership of dwellings in the following cases: 1.-If an absolute majority of the members of a housing program expressly so agree it, or 2. when the mortgagee who gave loans to build houses has been required to remain in the domain of the cooperative, what shall be expressly recorded in the respective deed of mutual. Once paid the mortgage mutual members will have the right established in subsection first.
The regulations shall determine the appropriate mechanisms so that each partner knows full and timely requirements, features and conditions of the domain rules laid down in this article. "."
(c) in the first subparagraph of article 7, reemplazare the phrase "the region" by "geographical area";
(d) replace the second paragraph of article 7 ° by the following: "The Department must authorize all cooperatives in training that meet the above requirements and who have the required economic capacity for efficient administration and to promote competition that stimulates the better development of its operations and the achievement of its objectives.";
((e) in article 26, removed the phrase "that operate in the same region", and f) added the following article 2 ° transitional: "Article 2.-open existing housing cooperatives should find the required minimum equity within a maximum period of three years, to have a regional action.".