The Saeima has adopted and p State President promulgated the following laws: the law of cooperative societies, chapter I. General provisions article 1. The terms used in the law, the law is applied in the following terms: 1) the membership fee — cooperative society membership fee payment and the total public expenditure;
2) paja paja employee, received the employee of the cooperative society of the investment share capital cooperative society or cooperative society employee cooperative society granted pursuant to this statutory restrictions of the rights of members;
3) dividend-profit cooperative society, which paid a member of the cooperative society according to the value of his shares;
4) entry fee — cooperative society membership fee payment provided for his admission-related expenses;
5) voluntary cooperative — natural and legal persons of the public, which aims to meet its members ' economic and social needs, as well as promoting their social activities, material welfare and cultural levels rise;
6) Union of cooperative societies, voluntary cooperative society founded in association, which aim to enhance the company's statutory tasks;
7) paja — natural or legal persons concerned the contribution cooperatives or cooperative societies Union's share capital;
8) services cooperative society members — work that cooperative society complied with the order by their members, as well as the turnover of goods between cooperatives and their members;
9) pamatpaj-paja, which provides for all the members of the cooperative society statutes, the members of the public;
10) papildpaj-paja, which provides for all the members of the cooperative society of public statutory rights of members except the right to vote;
11) profit — cooperative society profit that this Act and the statutes of the company duly paid members of society according to their cooperative society used the service.
 
2. article. The purpose of the Act, a cooperative society and the activities of the Union legal basis (1) the purpose of the Law is: 1) to promote the economic activities of cooperative societies and their members, the economic and social needs are met in accordance with article 3 of the law on cooperative societies laid down the basic principles of operation;
2) creating favourable conditions for cooperative societies and their union activity.
(2) the law shall determine the order in which the future Institute in Latvia, reorganizējam and liquidation of the cooperative society and the Union, as well as the legal basis for the activities of the company.
 
3. article. Cooperatives operating principles operating principles of cooperative society are: 1) the cooperative society is a voluntary organisation, which may occur in any act of physical and legal persons without any social, gender, political and religious discrimination, if this person wants to receive this Organization's services and take its membership obligations under the Statute of ublic s;
2) cooperative society activities managed by its members, active and democratic participation in public management;
3) in accordance with the democratic principles of cooperatives members have equal voting rights (one Member, one vote);
4) cooperative society capital and controls, as well as for distribution of the profit of its members;
5) cooperative societies are autonomous, self maintenance and control their members;
6) cooperative societies do their members ' education and promote cooperative principles in the general population;
7) cooperative societies jointly with other cooperatives can operate local and regional as well as international bodies, strengthening the cooperative movement;
8) cooperatives operating costs funded by the members themselves, creating savings and bear the loss;
9) cooperative society focusing on its members ' economic and social needs of all development works in the interests of their members in accordance with the decisions taken and supported the plans.
 
4. article. Cooperative society business cooperative society can do business, as well as to establish their own businesses (companies).
 
5. article. Cooperative society, its members and the national delimitation of liability (1) cooperative society is responsible for its obligations with all property belonging to it. The State is not responsible for the obligations of the cooperative, while the cooperative society is not responsible for the obligations of the country.
(2) the members of the cooperative society is not responsible for the obligations of the cooperative society and the cooperative society is not responsible for the obligations of its members.
(3) it is not permissible for national regulatory authority intervention in the operation of the cooperative society, except in law and otherwise as required by applicable law.
 
6. article. Cooperative society with legal capacity (1) Cooperative Society is a civil legal capacity in accordance with the laws in force and its Statute. Cooperative society's legal capacity arises at the moment when the company is registered in the enterprise register of the Republic of Latvia (hereinafter register).
(2) the cooperative societies in the name of the property may be obtained, and personal property rights and not to be bound. It may be a plaintiff and defendant in court or in arbitration.
 
7. article. Cooperative society name and symbolism (1) cooperative society name must contain the words "cooperative (collaborative) society" or "cooperative society". Cooperative society Union name must contain the words "Union of cooperative societies" or "Union of cooperative societies".
(2) the name of the cooperative society, you can specify the type of activity of the company.
(3) the name of the cooperative society should be produced in accordance with the language requirements of the law.
(4) a cooperative company may have its own symbolism.
Chapter II. Cooperative society article 8 of the Treaty. Cooperative society founders (1) cooperative societies can socialize by natural or legal persons. Cooperative society of legal persons shall be represented by its authorized representative.
(2) The cooperative society the founders considered to be persons who have signed the contract for the formation of cooperative society and its statutes, as well as committed in the contract for the formation of investment and have made other payment laid down in the Treaty. Cooperative society founders become members once the company is registered in the register of companies.
(3) If a State or local government undertakings, companies, institutions or organizations will participate in the formation of the cooperative society, or to become a member, will require national regulatory authorities or local Government Council (the Council).
(4) the founder of the cooperative society must not be less than three.
9. article. Cooperative society ways of establishing cooperative society may be set up as a new company or by reorganizing existing companies of this law, in article 10-16.
10. article. Cooperative Society founding document (1) if the cooperative is incorporated as a new public company, its instruments of incorporation, the bylaws of the Treaty and the founding meeting.
(2) if the cooperative society, established by reorganizing existing companies instruments of incorporation of the company reorganizējam a decision on the company's reorganization of the cooperative society, the newly formed cooperative society statute and its meeting in which a decision on the reorganization of the company.
11. article. The founding of the cooperative society (1) if the cooperative is incorporated as a new public company, its founders: 1) shall prepare and sign a treaty in article 12 of this law in the order;
2) prepare draft statutes ublic s this 13 of the law in accordance with the procedure laid down in article;
3) organizes the laid down in the Treaty establishing the contribution made or concluded with agreements on the founders of the investment to be made;
4) shall convene a meeting for the formation of the cooperative society in article 14 of this law.
(2) if the cooperative society, established by reorganizing existing companies, the authority: 1) shall decide on the company's reorganization of the cooperative society;
2) prepare draft statutes of the public of this law, in accordance with the procedure laid down in article 13;
3) convened a meeting of the reorganisation takes place in article 14 of this law.
(3) the owner of a housing cooperative society founder or member can only be the natural or legal person who is the owner of the apartment house, which is managed and managed the apartment owners ' cooperative society.
12. article. Cooperative society (1) of the Treaty establishing the cooperative society founders concluded that the Treaty to be the following:

1) if the founder is a natural person, the name, address, social security number, citizenship and passport data; If the founder is a legal person, its name, registration number, address of the certificate, account authorised representatives, position, name and last name, address, social security number and passport data;
2 being in the cooperative society) the name and registered address;
3 being in the cooperative society) Action objectives and tasks;
4) establishing cooperative society and they are the founding representatives other founders, by mutual agreement, with the formation of the public Commission-related activities;
5) fixed capital formation, size, value of one paja paja paja, a split between founders and their investment periods and types, and the types of paja paja disposal arrangements;
6) other provisions the founders considered essential and which are not inconsistent with this Act and other legislation.
(2) the Treaty signed by all founders.
13. article. Cooperative society statute (1) cooperative society statutes to be the following: 1) cooperatives;
2) registered office;
3) goals and objectives;
4) duration (if the cooperative society established for a certain period of time);
5) membership admission, withdrawal, exclusion, as well as the acquisition or loss of voting rights;
6) membership rights, duties and responsibilities;
7) management, control and audit bodies, their creation, rights and responsibilities, mandate and activities;
8) the trustee of the nomination and the election (appointment);
9) fixed minimum size, increase and reduction, as well as reserve capital and other capital created conditions and arrangements;
10) types of shares shares of nominal value, the increase and reduction of disposal of shares;
11) entry fee and membership fee or procedure;
12) profit-sharing and loss relief;
13) company (the company), the reorganisation and winding-up order;
14) cooperative society reorganisation and winding-up procedures;
the approval of the 15) members (authorised meetings) convened, and submission of the issues to be dealt with, as well as the decision making and the opposition;
16) filing the Organization principles.
(2) the statutes may also include other laws and regulations according to the rules related to the operation of the cooperative society.
(3) the Statute shall be signed by all the founders or the founding meeting authorised persons.
 
14. article. The founding of the cooperative society meeting (1) the founders shall convene a meeting for the formation of the cooperative society, the time and place, as well as the agenda. The founding meeting, after the founders have fulfilled the Treaty obligations and committed the necessary investments in the company's share capital.
(2) the founding meeting, with the voting rights participating in the cooperative society founders who fulfilled the Treaty obligations. Other persons invited to the founding of the cooperative society may participate in the meeting without voting rights.
(3) a meeting is valid if it participates in not less than two-thirds of the founder.
(4) the founding meeting: 1) confirms the meeting of powers;
2) approved by the cooperative society statutes;
3) elected by the cooperative society management and audit bodies;
4 approve the budget of the first) economic activity;
5) decide on other start-up cooperative society-related issues.
(5) the meeting shall be taken by a simple majority of the members present. The adoption of the statute requires more than half of all the participating parties.
(6) the signature of the Treaty establishing the meeting minutes the Meeting Manager, Secretary and founder, participating in the meeting.
 
15. article. Cooperative society the founding meeting of the founding of the cooperative society meeting minutes must specify: 1) the results of the implementation of the Treaty;
2) acceptance of the terms related to the results of the vote;
3 management and audit bodies) elected persons first and last name;
4) other decisions.
 
16. article. Cooperative society registration and transaction access NAU (1) after the cooperative society of the management and audit bodies elected by the founders of the taking-over certificate shall be referred to the Board of the cooperative society, all of the documents related to the Treaty, the obligations and rights. Authorities launched cooperative societies law of economic activities.
(2) the cooperative society or the founding meeting of the Executive Body authorized person within 15 days after the founding of the meeting shall be submitted to the Registrar of companies of the respective cooperative society registration application and the following documents: 1) of the Treaty establishing the cooperative society;
2) Statute;
3) meeting minutes;
4) documents for capital injections, bank statement or report on the economic contribution — with the added stuff-making-copies of contracts;
5) legal person governing body decision concerning participation in society and in establishing this entity representatives issued;
6) legal address in the absence prinoš document, and a document showing that the payment of the State fee for registration of a business and the fee for the publication of the registration of the business.
(3) the size of the share capital of the cooperative society at the time of registration determines the value of the shares.
Chapter III. Cooperative society members ' rights and obligations in article 17. The members of the cooperative society (1) for a cooperative society members can be persons who recognise the statutes of the society and is committed to its investment in the company's share capital in accordance with the procedure laid down in the statutes, as well as other statutes and decisions of certain public duties.
(2) the physical person of the cooperative society members can become when it reached 16 years of age, except for the apartment owners ' cooperatives, whose members can become the owner of the apartment, also not reached this age. To complete the acquisition of the capacity to the interests of such persons in society are represented in accordance with the procedure laid down in the civil code. On the cooperative society Council, Aldo v or the Audit Commission member may become only after 18 years of age.
(3) the student cooperative society members with the consent of the parents or guardians can also be a person who has reached 12 years of age, but on its Board or Commission Member goes on a rev: only a person who has reached 16 years of age.
 
18. article. Members of the cooperative society reception (1) a Person who wishes to join the cooperative society and become its members, submit to the Management Board of the cooperative society, the written application in the form prescribed in the statutes of the public and about the associated with membership payments, as well as the investments are made in the company's share capital and specify the necessary messages.
(2) a written application for membership in the cooperative society, the Governing Board must be considered within three months from the filing date. The Board's decisions on the admission of new members must be approved by the general meeting of members (authorised meeting).
(3) No person may refuse admission to the cooperative society, unless that person is not excluded from the cooperative society for the violation of the Statute. Refuse to admit new members can be only those cooperatives that serve only as required by the Statute for its members and unable to successfully serve a greater number of members.
(4) If a co-operative Society Board array to a person is refused admission, application for review of this decision may be submitted to the general meeting of members (authorised meeting) a month from the date of adoption of the decision, and it points to the next general meeting of members (authorised meeting). The members of the general meeting (the meeting authorised) decision is final.
(5) the rights and obligations of a member in force at the moment when the Board decided on his admission to the cooperative society (unless otherwise provided for in the statutes). If a month from now a member not fully passed the statutes proposed by the membership of the associated payments or the general meeting of members (authorised meeting) has been approved by the decision of the Board of Directors for membership admission, this decision will be considered void and returned payments made back to the payer.
(6) The owner of a housing cooperative society members can have only the natural and legal persons that are not residential apartments, rooms or artists workshop owners House (home), (which) are managed and managed the cooperative society. The individual apartments are co-owners of property cooperative society by mutual agreement represents one of the co-owners, based on written authorisation.

(7) For horticultural cooperative society founders or members can have only the natural and legal persons who use, or are the property of the cooperative society managed land area.
 
19. article. Cooperative society members (1) Cooperative Society Board member register equipment indicating the following information: 1) if the Member is a natural person: name, surname, personal code, nationality and address; If the Member is a legal person, its name, registration certificate number and address;
2) date when the member admitted to the cooperative society;
3) each Member belonging to the pamatpaj and papildpaj and their total value; the apartment owners ' cooperatives — also owned by a member apartment;
4) changes that have occurred with the shares;
5) date when the member cities, off allot or dead (legal person ceased its operations) when run out of his responsibility and place the final settlement with former members.
(2) each Member of the cooperative society and the creditor has the right to consult the register of members.
(3) the register of Members you can also record other data, if the general meeting of members (authorised meeting) handed down its decision.
 
20. article. Shares or membership card (1) Paja or membership card is a document, certifying the cooperative society members belonging to the number of shares and their overall value and gives the right to participate in the work of the public administration, and to receive the dividends and profit, but the company in the event of liquidation, liquidation quota.
(2) the Shares or membership card issued to members on the Board of the cooperative society. In the display the entire information contained in the register of members of the cooperative society members.
 
21. article. Cooperative society member responsibilities (1) cooperative society member is responsible for: 1) fulfil the obligations laid down in the statutes of the society and its institutions of governance and audit decisions;
2) timely meet the obligations that apply to investment as well as economic and financial participation in the operation of the company in accordance with the procedure laid down in the statutes;
3) spare public property, as well as to report to the Executive Board or Audit Committee (Auditor) of the identified property izsaimniekošan or mismanagement and to take appropriate measures to prevent such violations.
(2) a cooperative may include in their statutes the obligation for members to use the first cooperative society members that service.
22. article. Members of the cooperative society law (1) the members of the cooperative society law determined by this law and the statutes of the society.
(2) a member of the cooperative society has the right to: 1) to participate in society;
2) to participate in its management;
3 use a member of the public) benefits and advantages;
4) Act with its shares in the society Act and in accordance with the procedure laid down in the statutes;
5) receive a dividend and profit back to the Statute of the public and to the extent provided for in the agenda;
6) receive information from the company in any of its action on a related issue, the members of the general meeting (the meeting authorised) cases;
7) may withdraw from the society in this law and its statutes.
(3) cooperative society statutes, the Member may also provide other rights.
 
23. article. The members of the cooperative society's withdrawal and disposal procedures (1) a member may withdraw from the cooperative society, by submitting them to the Board a written application. Members can sign up for a withdrawal after a decision on the liquidation of a cooperative society.
(2) a member may withdraw from the cooperative society, if he does not comply with its statutory obligations and commitments. The right to exclude a member is meeting of members (authorised meeting), if not otherwise specified in the statutes. If the statutes provide another off the agenda, the need to provide for the possibility of appeal against the decision of the general meeting of members (authorised meeting). The general meeting of members (p i lnvarot meeting) the decision on expulsion is final.
(3) when a member submits an application for withdrawal, he loses his right to vote. Then the decision on withdrawal or expulsion of a member, he loses the right to participate in the general meeting of members (authorised meeting) and be cooperative society elected administration and audit authority.
(4) a member who dropped out of society, cooperative shares payable within one year from the date of approval of the annual accounts, deducting from the value of the loss incurred, or adding the dividend. If the membership shares of a value exceeding 10 percent of the company's share capital, the company statutes of the repayment term can be extended up to three years, provided that the refund be steady over the years. If shares of s made to movable or immovable property, Member withdrawal or exclusion on the basis of the contract on the property investment made or by mutual consent, the investment can be offset with an equivalent property or invested. (D) the capacity of the cooperative members of the sab is entitled in the cases provided for in the statutes, to dispose of shares in favour of another Member of the company.
(5) a member who withdraws or excluded from the cooperative society is not entitled to claim any part of the other cooperatives in the capital or its belongings.
(6) the members of the cooperative society in the event of the death of shares and dividends are inherited. Apartment owners of cooperatives shares inherit the apartment property heir. If the heirs to the cooperative society, the Governing Board shall submit an application for membership of the society, they become members of the cooperative society and acquire all the rights and obligations of the members, except dead comrade posts public institutions. It is the responsibility of the Board to make appropriate amendments in the register of members. (A) his heirs charge institutions do not pay.
(7) the dispute arising from the shares split between heirs, settled in court.
Chapter IV. Cooperative society property and business activities article 24. Cooperative society share capital (1) capital is a cooperative society material and money resources of all members of society shares value amount. Share capital is variable.
(2) cooperative societies share capital increases or decreases depending on the number of shares and nominal value of the shares, as well as in accordance with the procedure laid down in the statutes and changes made in the nominal value of the shares.
(3) the share capital of the cooperative society minimum size is 2000. Apartment, garage and gardening cooperatives, of which the direction is that the property management, equity is the minimum size must not be less than 200 lats. If the share capital is reduced and is smaller than the minimum size specified in the statutes, the Management Board within three months of the general meeting of members shall be convened (authorized meeting), which is destined for the company's further operation.
 
25. article. Shares, and the other members of the cooperative society (1) cooperative society may be the following shares: 1) pamatpaj;
2) papildpaj;
3) employee shares.
(2) joint stock companies of all types have the same face value. The nominal value of the shares is the statutory size, which can be changed only in the cases specified in this law and order in the society statutes accordingly.
(3) the nominal value of the Shares can be reduced only if the public at the conclusion of the financial year to cover losses of funds is not enough and it is necessary to use part of the share capital.
(4) the members of the cooperative society has at least one paja. The maximum number of shares of the members would be in the statutes.
(5) the members of the cooperative society shares make up his contribution to the cooperative society. The value of the shares and the arrangements determined-cooperative society and of the Treaty establishing the Constitution.
(6) if the society's statutes provided for the entry fee, its the same for all members. Entry fee must not exceed the statutory public shares of a nominal value of one. The statutes may regulate the size of the membership fee and the criteria for fixing them.
 
26. article. Pamatpaj (1) cooperative society member is registered on the pamatpaj shares of the company in accordance with the procedure laid down in the statutes.
(2) the public statutes may stipulate that the number of pamatpaj members must meet his public services used in the previous financial year, subject to the following procedures: 1) must be provided in the statutes, members and used the public services provided by the amount by which the member belongs to one of the pamatpaj, as well as the order in which one Member is established due to the number of pamatpaj;
2) each year the Management Board not later than four months after the financial year end and no later than two weeks before the general meeting, the current Member (trustee meeting) collects news about members and used the public services provided in the previous financial year and calculated members due pamatpaj m;

3) if the previous economic year in membership and society actually used amount of services provided and their pamatpaj due to over pamatpaj he holds the number of pamatpaj is re-registered papildpaj belonging to him, but if he is not papildpaj or their number is insufficient, the companion to this part of point 4 and the procedure prescribed in the statutes of the society, in addition to the need to purchase the appropriate number of pamatpaj. If the Member is used, and the volume of public services has declined, his pamatpaj on papildpaj of re-register;
4) for members of the pamatpaj of the general meeting of members must be purchased (the notified meeting) the time limits laid down. If the Member does not invest in these shares for the acquisition of necessary resources, he calculate dividend and profit payments are credited as contribution of the acquired shares;
5) companies operating in the first year of its founding due the number of pamatpaj down the Treaty, but the rest of the members to the first operating year of the registered shares invested as papildpaj.
(3) the owner of a housing cooperative societies each Companion is so pamatpaj, how many apartments are in his possession.
27. article. Papildpaj (1) the members of a cooperative society under the procedures laid down in the statutes, is the right to buy, sell mutual and bestow his papildpaj.
(2) at the request of members of the public they can dispose of the papildpaj year of the submission of the request to the Executive Board of the cooperative society, subject to the statutory procedure. The papildpaj of recoverable seized by their face value, plus the dividend due on them.
28. article. Employee shares (1) cooperative society staff members ' general meeting (the meeting authorized) may offer to buy the shares of employees. They can sell shares, according to the nominal value at a discount or free of charge. If the employee shares sold at a discount or free of charge, the difference between the cooperative society's statutory shares of nominal value and employees cooperative society and the amount charged to the profit of the cooperative society.
(2) the nominal amount of the shares of employees is included in the issued share capital of the cooperative society. The total nominal amount of the shares in the company's share capital must not exceed 10 percent of the share capital of the cooperative society.
(3) the employee shares may not be transferred (sale, bestow URu.tml.). If an employee stops working relationship with the cooperative society, it has to be repurchased during the year from his employee's shares by their face value, except when: 1) the employee stops working cooperative society due to retirement;
2) the employee stops working cooperative society due to the work of the mutilations;
3) gained disability due to occupational diseases.
(4) in the event of death of the employee cooperative society has to be repurchased from employees of his successors according to the nominal value of the shares.
(5) the employee shares do not give an employee the right to vote. Holders of these shares will receive dividends in the same amount and manner as other holders of shares.
29. article. Shares of acquisition and procedures (1) cooperative society founders and members can get the shares: 1) the value of the shares paid in cash;
2 the value of all the shares) or a part of it with the investment article 30 of this law in accordance with the procedure laid down in the agreement with the founders of the cooperative society, but after they set up, its executive body.
(2) if the cooperative is not registered, the founders get back the amount paid or the property investment as well as in the process of incorporation invested but not part of the funds used.
30. article. The contribution of the order (1) making the investment in fixed capital, cooperative society of this investment in the contract is concluded, which shall indicate the value of the property and the associated with that property rights and obligations. Property investment evaluation may invite experts who will be included in the opinion of the property investment description and assessment.
(2) the investor is assigned the value of the contribution corresponding to the number of shares.
(3) if the company is not registered, the capital invested in tangible things returned back to the founders.
31. article. Cooperative society funds (1) Cooperative Society to form the reserve capital, the general meeting of members which ar (authorized meeting) decision to use the company's losses.
(2) the funds consist of: 1) entry fee, if it provided for cooperative society statute;
2) deductions from the annual profit of the cooperative society. These reductions of at least 40 percent of profit after tax to be made mandatory until the reserve capital reaches at least half of the share capital, and if the reserve capital becomes less than half of the share capital, these deductions restored j am. With the members of the general meeting (the meeting authorised) the decision of the reserve capital may be added into a larger profit;
3) dividends and shares outstanding;
4) donations and other revenue.
(3) reserve for capital maximum size is not limited.
32. the pan s. Other capital of the cooperative society in accordance with the procedure laid down in the statutes can also create other capital.
33. article. Tax incentives to cooperatives tax incentives for cooperative society receives a tax law.
34. article. Cooperative society profits (1) the members of the general meeting (the meeting authorised) profit balance after payment of taxes and other mandatory payments made are distributed as follows: 1) statutory reserve capital formation, as well as other operating in lu;
2) dividends on shares in accordance with the procedure laid down in the statutes;
3) profit recovery in accordance with the procedure laid down in the statutes.
(2) the remaining part of the profit to be distributed in accordance with the members ' general meeting (the meeting authorised).
 
35. article. Cooperative society relief procedure (1) where a cooperative society concluded the financial year with a loss, the general meeting of its members (the notified meeting) to decide on damages.
(2) the cooperative society is used to cover losses in its spare capital, equity capital and other capital.
(3) in order to cover the losses, a member, the general meeting (the meeting authorized) may decide on additional one-time contribution to be made in proportion to the number of pamatpaj.
 
36. article. Cooperative society (1) a business cooperative society for the attainment of its aims may establish enterprises (companies) and be a member in other companies.
(2) the cooperative societies (companies) company formation, operation, reorganisation and liquidation shall be carried out in accordance with this law and other laws governing business, and members of the general meeting (the meeting authorised) approved the company's (the company) statutes.
(3) cooperative societies companies have single-member company that acquires legal personality upon registration in the business register.
(4) the cooperative societies are responsible for their own business commitments with all their belongings.
Chapter v. Cooperative society organizational structure of article 37. Cooperative society management and audit bodies (1) cooperative society administrative functions within their competence to fulfil its members ' general meeting (the meeting authorized), the Council and the Board. The functions of the Board of the company in accordance with the procedure laid down in the statutes may fulfil the Director or Manager.
(2) the public statutes may provide that members of the general meeting is not convened, but authorized the meeting, setting the rules and notified him of the representative election procedures.
(3) cooperative society control and audit institutions is the Audit Commission (Auditor) or sworn auditor.
(4) in accordance with the procedure laid down in the statutes can create cooperative society Council, but if the Council is created, its functions shall be members of the general meeting (the meeting authorised).
 
38. article. What the peratīv general meeting of members of the company (authorized meeting) (1) the general meeting of members (authorised meeting) is a cooperative society, the highest governing body. It may be routine or emergency.
(2) the general meeting of the ordinary Members (authorised meeting) shall be convened by the Management Board shall each year, not later than four months after the financial year end, but the company whose scope extends beyond the law "Of the annual accounts" in the second paragraph of article 24, the criteria listed in, not later than seven months after the Mistress's joint operations by the end of the year. In the general meeting of members (authorised meeting) and approve the company's annual report, the economic activities, the current year's budget and action plan.

(3) special issue for decision by the Board of the cooperative society, if necessary, in accordance with the procedure laid down in the statutes, may call an extraordinary general meeting of members (authorised meeting). Extraordinary general meeting (the meeting authorised) the Board must also be convened if the society in accordance with the procedure laid down in the statutes, it requires at least one tenth of members (one t rešdaļ the notified), the Audit Commission (Auditor) or the Union of cooperative societies, which is a member of the company. If the Management Board within one month of the date of the application, shall convene a general meeting of members not (authorized meeting), it shall be convened by the Council of the Commission (Auditor).
(4) the Management Board of the company in accordance with the procedure laid down in the statutes, and the time limit must be disclosed to the members of the general meeting (the meeting authorised) venue, time and agenda.
 
39. article. Cooperative society members ' general meeting (the meeting authorised) eligibility (1) the general meeting of members (authorised meeting) can decide all the activities of the cooperative society.
(2) the general meeting of members only (authorized meeting) has the right to: 1) after the Board and the Audit Commission (Auditor) or sworn auditor's report to examine and approve the last financial year;
2) confirm the Board prepared the budget and action plan for the year;
3) to determine the entry fee (if the intended public statutes) and membership fees;
4) to handle complaints about decisions of the Council or the Board;
5) to elect and revoke the company's Chairman of the Board, Council and Board members, members of the Audit Commission (Auditor) or certified auditor and the liquidation Commission;
6) confirm the Council or Board decision on new members and existing members, the exclusion or withdrawal from society;
7) to decide issues related to reorganisation or liquidation of the company, as well as its membership in the Union of cooperative societies and the participation in other companies or withdrawal from them;
8) decide on the Organization of society (companies), reorganisation or liquidation;
9) decide on the grozīš of the Statute of the company;
10) split in the previous financial year profit and loss;
11) in accordance with the laws and regulations to approve and amend the Council, Board, auditing Commission (Auditor) or sworn auditors and liquidation Commission regulations;
12) to represent the company in court with its authorized person in all of the company's requirements against brought members of the Management Board, as well as the requirements of Board brought against the society;
13) to decide questions of the Council or the Chairman of the Management Board and the Audit Committee (Auditor) pay.
(3) cooperative society statutes may provide for other matters, which are the only members of the decision of the general meeting (the meeting authorised).
 
40. article. K ooperatīv of the company participation in the general meeting of members (authorised meeting) (1) the general meeting (the meeting authorized) for each Member of the cooperative society irrespective of the number of pamatpaj he holds is one vote.
(2) a member's voting rights may not be transferred, if the cooperative society statute does not provide for special authorisation.
(3) members who are not later than two days before the general meeting of members (authorised meeting) has not passed the statutes of the cooperative society and the general meeting (the meeting authorised) the obligations set out in the decisions, the general meeting (the meeting authorised) have no voting rights, and they cannot be elected to the governing bodies of the cooperative society.
(4) the general meeting of members (authorised meeting) runs from the cooperative society the membership elected Chief. The driver may not be cooperative society, the President of the Council, Chairman of the Board, their deputies and members of the Audit Commission (Auditor) or sworn auditor.
 
Article 41. General meeting of the members of the cooperative society (trustee meeting) process (1) the general meeting of members (authorised meeting), which notified the company in accordance with the procedure laid down in the statutes, is entitled, if it represented more than half of the voting members. The general meeting of members (authorised meeting) consider issues contained in the agenda announced.
(2) the general meeting of members (authorised meeting) decide to vote, except when a secret ballot is requested by not less than one-tenth of the members present and voting. Voting by secret ballot is required, electing or removing Board Chairman, Council and Board members, members of the Audit Commission (Auditor) or certified auditor and the liquidation Commission. The statutes may provide for other instances of voting by secret ballot is required.
(3) the general meeting of members (authorised meeting) shall take decisions by a simple majority of members present.
(4) amendments to the articles of Association of the company, join the Union of cooperative societies and unsubscribe from them, make a decision on the reorganization of the cooperative society or winding up, need a two-thirds majority of members present. The company statutes may provide for other matters to be decided by a two-thirds majority of members present.
(5) If the general meeting of members (authorised meeting) is not entitled to 10 days of repeated general meeting is convened (the notified meeting) with the same agenda, and it is entitled regardless of the number of members present.
Article 42. Cooperative Society Council and its composition (1) the general meeting of members (authorised meeting) of the cooperative society members may elect a Council of cooperative society for not less than three members. This Council represents members ' interests in General (the notified meeting) and between this law and in the public o statū s within set control board operation.
(2) if the cooperative Council does not create, its functions shall be the members of the general meeting (the meeting authorised).
(3) the Council may not be up to the Board, no member of the audit authority.
(4) the term of Office of the members of the Governing Council lays down the Statute of the cooperative society, but may not exceed five years. Member of the Council may not delegate his duties to another person.
(5) the cooperative societies Council composition and amended at 15 days of must be notified to the Registrar of companies.
(6) the members of the Council shall elect from among its members a Chairman and one or more Vice-Presidents, as well as decide on its distribution of responsibilities. Deputy Chairman of the Council shall carry out the duties of the President of the Council only on his behalf or in his prolonged absence (illness, a business trip, on vacation).
43. article. Cooperative Society Council tasks the tasks of the Council of the cooperative society are as follows: 1) control the operation of the Board and ensuring that cooperative in accordance with the law, the statutes of the company and members of the general meeting (the meeting authorized);
2) to evaluate the Board submitted the annual report of economic activity, as well as the draft budget proposals of the Board for the distribution of profits and with its opinion to submit them for approval to the general meeting of members (authorised meeting);
3) to consider draft decisions on all issues, which is a member of the general meeting (the meeting authorised) in competence or by Board members is proposed for discussion at a general meeting of members (authorised meeting), and to give an opinion on them;
4) fix the Chairman of the Management Board and the remuneration of its members approved the public budget.
 
44. article. Cooperative Society Council of the cooperative society Law Council has the following rights: 1) at any time require from the Board's report on the situation of the company;
2) check the public records and documents, as well as cash, securities, goods, raw materials, unfinished products, finished products and other goods;
3) consent issues to the Executive Board for decision, if provided for in the statutes of the company;
4) by one third of the members motivated request to check the work of the Board. If such verification by the Council during the month, members shall not have the right to refer the matter to the general meeting of members (authorised meeting);
5) to ask the Board to convene a general meeting of members (authorised meeting), if required by the interests of the cooperative society;
6) to submit to the general meeting of members (authorised meeting) report assessing company performance and the Board's report, as well as to make proposals for improving the functioning of society.
 
Article 45. Cooperative Society Council (1) cooperative society Council meetings shall be convened by the President of the Council, as required, but not less frequently than quarterly. Each Member of the Council, as well as the Governing Board shall have the right to request the convening of the meeting of the Council by reason of the need for convening the meeting.
(2) If the President of the Council following the request of the members of the Council two weeks does not comply, the convening of the meeting proposer is right, explaining the circumstances of the case, to convene a meeting of the Council.
(3) the Council shall be valid if they are sitting on more than half of the members of the Council.

(4) the Council shall be taken by the members of the Council present a simple majority. Votes by a similar, the President of the Council shall have a casting vote. If the Council does not agree with the decision of the Council and vote against it, he is not responsible for the decisions taken. Members of this Council in separate thoughts at his request the Council to record the minutes of the hearing. The Protocol signed by all present members of the Council.
 
Article 46. Cooperative society (1) the Management Board of the Board of the cooperative society is the society's executive body that controls and directs the activities of the cooperative society. It is responsible for all the company's business operations, as well as on it, to sort records and comply with accounting rules. The Executive Board manages the company's property and act with its capital according to the law, the statutes of the company and members of the general meeting (the meeting authorised) l enterprises.
(2) the Management Board shall ensure the general meeting of members (authorised meeting) and Council decisions, represent the company in relations with public authorities, natural or legal persons, the members of the General (authorized meeting) in the meantime, recruiting new members, signing contracts, public employees are familiar with the State and other public statutory activities that meet the objectives of the society.
(3) Board members to the cooperative society of the time laid down in the statutes not exceeding five years, elected by the general meeting of members (authorised meeting). Chairman of the Management Board elected by the general meeting of members (authorised meeting), but his Deputy, the members of the Executive Board from among its members.
(4) the cooperative societies in their statutes may provide that the Board shall perform the functions of the members of the general meeting (the meeting authorised) appointed Director or Manager.
 
47. article. Cooperative society action of the Executive Board (1) the operation of the Board of the cooperative society is headed by a Chairman of the Management Board, which shall exercise their rights and carry out their duties in representing the public interest in judicial, administrative and other bodies.
(2) the Board, its rights and obligations, as well as persons entitled to sign the document on behalf of the cooperative society, this law and society i statū. (3) the powers, contracts and other operating documents, if the cooperative society statute does not provide for other procedures, the signature of the Chairman of the Board of the company. Public statutes to provide for volume of transactions that exceeded the first need of the decision of the Board. Bank documents signed by the Chairman of the management board or the person authorised by the Board.
(4) the Management Board is valid, if they participate in the hearing, more than half of the members of the Executive Board. The minutes of the proceedings of the Board signed by all present members of the Executive Board, if otherwise provided for in the statutes.
(5) the Board shall hold meetings as required but not less frequently than once every three months. They shall be convened by the Chairman of the Board, but his prolonged absence, the Deputy Chairman.
(6) the Management Board takes a decision by the members of the Board present a simple majority. Votes by a similar, Chairman of the Board shall have a casting vote, but in the absence of the Chairman, his Deputy.
(7) If the Board does not agree with the decision of the Board and vote against it, he is not responsible for the decisions taken. The Board members in individual thoughts at his request for the minutes of the Executive Board to burn.
(8) the operating year end the Board shall report on its activities to the general meeting of members (authorised meeting). The report encompasses the results of economic activities, the most important idea in business and public administration and other public activities.
 
48. article. The Board of the cooperative society law (1) cooperative society, the Governing Board shall decide all transactions by the company related issues, which is not a member of the general meeting (the meeting authorised) or the competence of the Council.
(2) the cooperative societies in their statutes may stipulate that the Board of important issues in the decision of the general meeting of members needed (authorized meeting) or Council (if created). Important considered the following issues: 1) company (the company) the purchase, sale or suspension;
2) real estate purchase, sale, or burdening with debt;
3), subsidiary branches opening or closing;
4 increasing and capital investment) of loan contracts exceed members ' general meeting (the meeting authorised) the amount laid down;
5) lending;
6) new activities started, as well as the existing work in the form of termination of the bass.
(3) if the Council rejects the proposals submitted by the Board, the Management Board has the right to convene an extraordinary general meeting of members (authorised meeting).
 
49. article. Cooperative society auditing Commission (Auditor) (1) the operation of the cooperative society examine the Audit Commission (Auditor) or sworn auditor. Auditing Commission (Auditor) is responsible and reports on its activities to the general meeting of members (authorised meeting).
(2) the Audit Commission (Auditor) is elected by the general meeting of members (authorised meeting) to the company's statutory period of not more than five years. The Audit Commission can elect a certified auditor who is not a member of the public.
(3) the members of the Audit Commission (Auditor) or certified auditor may not be a member of the Council or the Executive Board, as well as persons with members of the management board or chief accounting officer is up to the third degree of kinship or affinity up to the second degree.
(4) the Audit Commission shall be chaired by a Chairman elected from among the members of the Audit Commission, if the articles of the company otherwise.
(5) the Audit Commission (Auditor) or sworn auditor's tasks are as follows: 1) control the operation of the Board and ensuring that cooperative in accordance with the law, the statutes and the members of the general meeting (the meeting authorized);
2) to evaluate the Board submitted the annual report of economic activity, as well as the draft budget proposals of the Board for the distribution of profits and to give its opinion on them to the Management Board, the Council of members meeting the u n (authorized meeting);
3) to consider draft decisions on all issues, which is a member of the general meeting (the meeting authorised) or after the Board jurisdiction members are recommended for discussion at a general meeting of members (authorised meeting), u n to give its opinion on them to the Management Board and the general meeting of members (authorised meeting).
(6) the Audit Commission (Auditor) or sworn auditor has the following rights: 1), at any time, request a review of the Board of the cooperative society;
2) check the public records and documents, as well as cash, securities, goods, raw materials, unfinished products, finished products and other goods;
3) submit Member general meeting (the meeting authorised) report assessing company performance and the Board's report, as well as to make proposals for improving the functioning of society.
(7) the members of the Audit Commission (Auditor) or sworn auditor carries out its work in accordance with this Act and other legislation.
 
50. article. Cooperative society accounting and record keeping activities (1) cooperative societies organize recordkeeping, accounting and statistical tracking, and shall draw up and submit the annual report and balance sheet in accordance with the legislation.
(2) the approval of the members (the notified meeting), the Council, the Management Board and the Audit Commission (Auditor) minutes of meetings, reports and decisions are recorded and stored, numurējam, cauraukloto and sealed in separate volumes.
Chapter VI. Cooperative society dissolution article 51. The work in the cooperative society bas termination (1) cooperative society action end: 1) in the cases specified in the statutes;
2) if within one year following the registration of the public it is not launched an action in accordance with the procedure prescribed by law;
3) if the number of members of the public not less than three months have been less than three;
4) in accordance with the law on the insolvency of undertakings and companies ";
5) with members the general meeting (the meeting authorized);
6) following the decision of the State revenue service, if the company did not submit tax laws repeatedly in certain statements, declarations or tax returns, as well as not announced their dissolution;
7) with the Court ruling and other legislation in the cases.
(2) If the activities of the cooperative society as a result of the termination of reorganisation, must follow the law "on business" and the competition law requirements.
 
52. article. Cooperative society annulment (1) for each cooperative society member, society for voting to the Council, the Management Board and the Audit Committee (Auditor) or sworn auditor, as well as the companies registry and the Prosecutor's Office has the right to take legal action to recognize the cooperative society as in the following cases: 1 if the company's Statute) is contrary to the provisions of this law;
2) if the legal relationship on which society is based, is arguably the Treaty according to the law.
(2) the general meeting of members (authorised meeting) has the right to eliminate shortcomings in the company's Statute, making amendments thereto in accordance with the procedure laid down in this Act, if the claim brought the first part of this article referred to in paragraph 1.

(3) if the Court adjudicates on the cooperative society of the annulment, companies registry launches the process of liquidation in article 53 of this law.
(4) If a cooperative society to be annulled transactions on its behalf concluded with third parties, shall remain in force.
 
53. article. The procedure of liquidation of the cooperative society members general meeting (the meeting authorised) adopted a decision on the liquidation of a cooperative society in the following order: 1) the liquidation Commission shall elect, who runs the company's liquidation process. With the winding-up Commission election of Council and shall terminate the powers of Board members, but it remains up to the time of the liquidation of the company. The general meeting of members (authorised meeting) elected by the members of the liquidation Commission may at any time withdraw and elect new ones;
2) winding-up Commission not later than within three working days following its publication in the Gazette of the election submitted to the "journal" statement on liquidation of the cooperative society. The notice must indicate date of adoption of the decision, the winding-up Commission members first name, last name, place of business, and phone number, as well as the need to include an invitation to lodge their claims and indicate the acceptance of the claim, the period t a vie (not less than three months from the date of publication of the notice) and time delays;
3) winding-up Commission within three working days following its election decision on liquidation of a cooperative society shall notify the Registrar of companies. The notice must indicate the winding-up Commission members first name, last name, place of business and telephone number;
4) after all the vendor awareness (public data held and submitted claims) the winding-up shall be assessed by the Commission and provided findings for each of them. Opinions on the creditors rejected the liquidation Commission shall forward to the appropriate vendor. If the vendor, received the opinion on the rejection of a claim, in the month following the date of receipt is not filed with the Court, "said Forum's entry into force, and the claims of creditors are deleted, but if the claim submitted to the Court, — accounts payable are sorted according to the Court ruling;
5) Commission of liquidation finalised cooperative societies do the actions of members of the general meeting (the meeting authorised) in the order and time of selling public assets, charged customers due debts, meet other claims settled with creditors and draw up the balance sheet, distribution of liquidation balance between members as the liquidation quota c are members of regional pamatpaj propor and papildpaj;
6 If, in the course of liquidation) reveals that the effects of the cooperative society is not possible to meet all legitimate claims of creditors, the liquidation Commission shall notify the members of the general meeting (the meeting authorized) and submitted to the Court an application for insolvency law "on insolvency of undertakings and companies" in the order;
7) to salvage the Commission should apply the same rules applicable to cooperative societies for the operation of the Board, if the company's articles of Association provide otherwise;
8), the Commission shall submit to the members of the liquidation, the general meeting (the meeting notified) within its reporting on its activity, but on completion of the review of the action, also around the time of the winding up;
9) cooperative societies considered to eliminate after its removal from the register of companies;
10) cooperative society archive storage procedure determines the liquidation Commission, which harmonises with the Directorate-General of the national archives or its authorised institution.
Chapter VII. Legal relations cooperative society article 54. Cooperative society founder and Member responsibility (1) cooperative society founders from the founding days of conclusion of the contract up to the public for registration in the register of companies are responsible with all their belongings on the obligations of third parties for damage. After registration of the cooperative society society members are responsible only for its own contribution.
(2) each cooperative society founder prescribed by law is liable for damages incurred by the society, its members or third parties, if he knowingly or inadvertently founding the public or other documents submitted to the public authorities or members of the public present inaccurate, incomplete or ambiguous information or otherwise broken the law or the statutes of the society.
 
55. article. Cooperative society and the Council on the liability of the members of the Executive Board (1) if the cooperative society Council or the Chairman of the Executive Board, Council, or members of the Management Board acting unlawfully that exceeds its authority, does not comply with the laws and regulations of the Statute of the public or members of the General (authorized meeting) decisions or acts negligently, they are liable with all their belongings, their loss p fault occurred in public, its members or third parties.
(2) on things that the general meeting of members (authorised meeting) assigned to sort only the Council or to the Chairman of the Management Board, one member of the Council or the Executive Board, the General Council or the Executive Board members shall not be liable, if they have not been able to prevent the losses.
 
Article 56. Cooperative society members of the Audit Commission (Auditor) or sworn auditor's responsibility the members of the Audit Commission (Auditor) or chartered accountants, which entrusted the operation of the cooperative society control or audit, is in charge with all their belongings on the losses incurred by the society, its members or third parties, if they intentionally or negligently fail to fulfil their respective responsibilities.
 
57. article. Cooperative society liquidation Commission the responsibility of members of the cooperative society wound up the members of the Commission are responsible, with all their belongings on the losses incurred by the society, its members or third parties, if they intentionally or negligently have not fulfilled them with the law, the statutes of the company or the members of the general meeting (the meeting authorised) the duties devolving upon the decision.
 
58. article. Bringing cooperative society (1) Cooperative Society to be an action in court against the members or officials if it decides the general meeting of members (authorised meeting) or at the request of not less than one-tenth of the members of the public.
(2) the general meeting of members for the sort of things (the notified meeting) elect their own representatives. If the building requires a minority of members (not less than one tenth of the members of the public), it is the person designated by the authorized representatives of the sort of things.
(3) a member of a minority, who demanded action, the public should be compensated for the costs of a trial, if the Court rejected the claim.
Chapter VIII. The Union of cooperative societies article 59. The cooperative activities of the Union legal basis Treaty establishing the Union of cooperative societies, the transactions and the termination of this law shall lay down the procedure for the chapter I to VII, in addition to the subject in Chapter VIII.
 
60. article. The formation of the Union of cooperative societies (1) the Union of cooperative societies of the future Institute in chapter II of this law. The formation of the Union of cooperative societies can convene a meeting, Congress or Conference.
(2) in order to establish the Union of cooperative societies, is to receive the opinion of the competition Council.
 
61. article. The statutes of the Union of cooperative societies (1) the Union of cooperative societies act in accordance with its Statute, approved by the meeting (Congress, conferences).
(2) in addition to article 13 of this law, with the requirements laid down in the statutes of the Union of cooperative societies provides: 1) meetings (congresses, conferences) and the representation of delegates election round at bu;
2) cooperatives and mutual relations of the Union;
3) capital of the Union of cooperative societies of creation and aggregation rules.
 
62. article. Members of the Union of cooperative societies of responsibilities (1) cooperative societies Union members are bound to comply with this law, in article 22, as well as: 1) to support the Union of cooperative societies and cooperatives provided economic and other activities;
2) notify the Union cooperative society meeting (Congress, Conference) on amendments to the statutes of the cooperative society.
(2) the Union of cooperative societies in their statutes may also include its members to use the first cooperative societies Union members that the services.
 
Article 63. Union of cooperative societies of the management and control bodies (1) the Union of cooperative societies, the highest governing body is the meeting (Congress, conferences). Meeting (Congress, conferences) in the meantime, the Union's supreme governing body may fulfil the responsibilities of the Council, which is elected by the Assembly (the Congress, Conference).
(2) cooperative societies Union Executive Body is the Executive Board.
(3) the Union of cooperative societies of the audit authority is the Audit Commission and the so-called zvērin auditor.
(4) the Board, the Board and the audit authority of the rights, duties and responsibilities determined by the statutes of the Union of cooperative societies in accordance with chapters V and VII of the Act.
64. article. The Union of cooperative societies, the media and business

The business of the Union of cooperative societies are to be carried out and the means to you in accordance with the provisions of chapter IV of the law, noting that it is not the Union of cooperative societies of the Union of cooperative societies of employee shares.
Article 65. The Union of cooperative societies of the winding-up and liquidation procedures of cooperative societies Union reorganization and liquidation is to be made in chapter VI of this law.
Transitional provisions 1. With the entry into force of this Act invalidates the law on cooperatives (collaborative) companies "(the Republic of Latvia Supreme Council and Government Informant, 1991, 1992, 35 No;/16.nr.; 15, 1993, 22/23.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1995, no. 12; 1997, no. 9).
2. Nodibinātaj and the registered cooperatives (collaborative) companies and their unions, within three months from the date of entry into force of the law for any amendment of the statutes in accordance with the requirements of the law.
The Parliament adopted the law of 1998 on 5 February.
The President of the Parliament, the President of the vi a. perfected in Riga in 1998 on February 24.