The Law Amending The Association Engaged In Economic Activity In The Cooperative

Original Language Title: Laki taloudellista toimintaa harjoittavan yhdistyksen muuttamisesta osuuskunnaksi

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1989/19890502

In accordance with the decision of the Parliament, provides for: section 1 of the Association Association, which supports members of the economics and the services of the members of which make use of, as well as in the commercial register marked economic association can be changed into a cooperative in the order in which this law.

Article 2 of the Decision amending the Association into a cooperative shall be made in the order in which the rules of the Association or of the rules laid down in the law. The decision to accept the cooperative the cooperative law (421/2013) drawn up in accordance with the rules of each Member, as well as the subscription price for the shares and the number of shares in the future. (14.6.2013/430)
A meeting of the cooperative to amend today, then, in accordance with the rules adopted by the Government to be selected to a cooperative or the Supervisory Board and the Auditors.
The decisions to draw up a protocol to the Treaty, is responsible for the cooperative. (14.6.2013/430) 3 section (14.6.2013/430) a member of the Association, which does not accept the decision on the amendment, the cooperative will be the rule of the right of association or as soon as leave provisions, regardless of the cooperative by giving written notice to the Association or cooperative the Board no later than 30 days after the date on which the Association has changed into a cooperative. Share and the share subscription price shall apply to return following the resignation of cooperative law.

section 4 (18.9.2015/1173) to a cooperative government, must be made in the commercial register notice amending the Association into a cooperative, which is, mutatis mutandis, to the establishment of a cooperative to comply with what the trade register notification is provided. The notification shall be accompanied by the law of the Court of Auditors (11/15) of the auditor referred to in a certificate stating that the Association's assets are sufficient to cover the debt and share capital.
L:lla 1178/2015 changed section 4 shall enter into force on the 1.1.2016. The previous wording of section 4 of the cooperative include: Government must be made in the commercial register notice amending the Association into a cooperative, which is, mutatis mutandis, to the establishment of a cooperative to comply with what the trade register notification is provided. The notification shall be accompanied by the Central Chamber of Commerce or Chamber of Commerce approved the auditor's certificate stating that the Association's assets are sufficient to cover the debt and share capital.

§ 5 If the members of the Association have been the personal responsibility for the debt of the Association, they are not of the Association into a cooperative response to the changes in the released from this liability, unless the Association's creditors that have provided it have given their consent.
Unless the creditor who demonstrably has received written notice of a change in the Association into a cooperative and the liability of the members of the creditor's right to object to the release of the debt within three months of receipt of the notification, has not announced its opposition to the release, it is considered his contribution to it has been agreed to.

section 6 of the Association becomes a cooperative when the change shall be entered in the trade register of the Association into a cooperative. If the Association is entered in the register of associations, the trade register authority shall register the change in the data where a cooperative association for the authority, which shall make a notation to the register of associations.

section 7 (30.12.1992/1621) section 7 is repealed L:lla 30.12.1992/1621.

section 8 of this law shall enter into force on 1 July 1989. THEY 220/88, lvk. Mrs. 3/89, svk. Mrs. 18/89 acts entry into force and application in time: 30.12.1992/1621: this law shall enter into force on 1 January 1993.
THEY'RE 120/92, 14.6.2013 LaVM 16/92/430: this law shall enter into force on 1 January 2014.
THEY are 185/6/2013, 2012, TaVM EV 48/13 18.9.2015/1173: this law shall enter into force on the 1 January 2016.
THEY TaVM 34/254/2014, 2014, EV 371/2014