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Law No. 36 Of 30 April 1991 On Agricultural Companies And Other Forms Of Association In Agriculture

Original Language Title:  LEGE nr. 36 din 30 aprilie 1991 privind societăţile agricole şi alte forme de asociere în agricultura

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LEGE no. 36 36 of 30 April 1991 (* updated *) on agricultural societies and other forms of association in agriculture ((updated on 23 March 2015 *)
ISSUER PARLIAMENT




---------- The Romanian Parliament adopts this law + Title I General provisions + Article 1 Owners of agricultural land benefiting from the provisions Law of Land Fund no. 18/1991 , as well as other owners of agricultural land can exploit their land and in forms of association. + Article 2 Simple association forms are the associations between two or more families under a company contract, aimed at the exploitation of agricultural land, animal husbandry, supply, storage, conditioning, processing and sale. products, the provision of services, as well as other activities. ---------- Article 2 has been amended by art. 42 of EMERGENCY ORDINANCE no. 3 3 of 18 March 2015 published in MONITORUL OFFICIAL no. 191 191 of 23 March 2015. + Article 3 Persons foreseen in art. 1 may also constitute companies under the terms of Law no. 31/1990 on companies. + Article 4 If the owners of agricultural land do not want to exploit them individually or in one of the forms provided for in art. 2 and 3, they may be constituted in agricultural companies, with legal personality, under the conditions provided for in Title II of this Law. + Title II Agricultural companies + Chapter 1 Preliminary provisions + Article 5 The agricultural company is a private company, with variable capital and an unlimited and variable number of associates, having as its object the agricultural exploitation of land, tools, animals and other means brought into society, as well as the realization of investments of agricultural interest. Agricultural exploitation may consist of: organization and performance of agricultural works and land improvements, use of machinery and installations, supply, processing and valorization of agricultural and non-agricultural products and other such activities. The agricultural company has no commercial character. In a locality can be born, as the case may be, one or more agricultural societies. + Article 6 Agricultural tools and other machinery, material and money means, and animals may be brought into the company, owned or only in use, as the case may be. Agricultural land is brought only into the use of the company, with associations preserving their ownership of them. Upon entry into the agricultural society, movable and immovable property as well as animals will be assessed to determine the social parts subscribed by each associate member. Art. 13 13 para. 4 4 and art. 28 28 para. 1 1 and 2 of the Land Fund Law no. 18/1991 it shall apply accordingly. + Article 7 Obligations of agricultural company constituted according to art. 4 of this law are guaranteed with the social patrimony, the associations being liable only with their social parts. + Article 8 The statute will determine the conditions for the admission of associates in society, the minimum number of associates that may not be less than 10, the share capital of shares of equal value, the size of which cannot be less than 10,000 lei each, the number of social parts an associate may have, the manner of assessment of the social parts in the case of the in-kind contribution, including the use of the earth. + Article 9 Any associate may make subscriptions of new social parts to the social parts originally established. He can withdraw from his social parts a certain value, provided that he remains with the minimum of social parts admitted by the statute. + Chapter 2 Establishment of agricultural + Article 10 Agricultural companies shall be constituted by written act authenticated by the notary of state and status. The act of constitution will be signed by the founding members, and their signatures and powers will be legalized by the city hall. It together with the statute will be presented to the state notaries by the empowers of the founding members of the society + Article 11 The act of incorporation shall include: a) name-company company; b) item of activity; c) the names, surnames and domicile of the associates; the value of the parties subscribed and paid by each; d) the liability; e) the names and surnames of the designated administrators and censors; f) the names and surnames of persons having legal signature; g) the names and surnames of the associated persons, empowered to carry out the formation formalities. + Article 12 The statute will include, apart from those provided in art. 8, the following: a) name-company company; b) the activity-enumeration of activities that are the subject of the company and the territorial delimitation c) company duration; d) company headquarters; e) provisions regarding the establishment, increase or decrease of the share capital; f) the way of shedding of the subscribed social parts and their restitution; g) the way of admission, withdrawal or exclusion of associates; h) the rules on the appointment, composition and functioning of the board of directors, the committee of censors, the steering committee, if applicable, the powers, duties and responsibilities of these bodies; i) the way of convening the general meeting, the way of deliberation, the conditions of validity of the decisions, as well as the powers of the general assembly j) rules on bookkeeping; k) how to share profits or losses; l) the training and retention of the reserve fund, its destination in case of liquidation, the training of other funds, including the risk fund constituted for natural disasters; m) the way in which the knowledge provided by this law will be made, as well as the acts it issues; n) provisions relating to the dissolution and liquidation of agricultural society; o) the establishment of the inland regulations of agricultural companies; p) any other clauses whose necessity arises from the provisions of this law and other legal provisions. + Article 13 By the act of constitution and by statute no special rights can be established for certain associates. + Article 14 The agricultural company's company consists of: a) from a name to be distinguished from any other company; b) of the words: "Agricultural Society", without abbreviations; c) from the indication of the locality in which it is based. Agricultural companies are not subject to special laws regarding the company. + Article 15 The application for registration of the agricultural company accompanied by the act of constitution and status, both in 4 copies, shall be submitted to the court in the constituency to which the company will be based. To this will be the annex and the signature specimens of two empowered ones representing it. + Article 16 The President of the Court or the judge appointed by him shall examine the act of constitution and the status and, if they meet the conditions laid down in art. 11 and 12, will order, by conclusion, the registration of the agricultural company in the register reserved specifically to these companies, which will be established at each court, from the date of this law. From the date of enrolment the agricultural society takes down legal personality. The conclusion of the court will be displayed in the extract at its headquarters and the city hall within which the company is based, following to be published in the Official Gazette of Romania. From the date of display, the constitution of the company becomes public and opposable to all, subject to the fulfilment of the requirements provided in 17. + Article 17 In the register of agricultural companies will register, for each society: a) the company, the object and the company b) the manner and limits of the associates ' liability; c) the size of the social parts, the way and the period during which the wereages d) the number of administrators and clauses in the statutes limiting their powers, as well as the provisions relating to the obligation of the company by social signature; e) the names and surnames of the administrators, as well as the names and surnames of those who have the social signature; f) company duration. A copy of the statutes will remain at the court and will be kept at their file, which will be held separately for each company. In the register, at the game of each company, reference will be made to the file containing its documents. The files and books will be kept by the court, archived separately, and will be preserved without a deadline. + Article 18 Interested persons can consult the register and the file with papers. On request, the court will release children from the game in the register, as well as from the documents filed. + Article 19 The Court will issue to the agricultural company a certified copy from the registration conclusion and two copies of the act of constitution and status, certificates. Associates may obtain, at their expense, certified copies of the documents provided in par. 1. + Article 20 All acts for the establishment of agricultural companies, as well as advertising by display shall be exempt from any taxes for one year from the date of entry into force of this Law. Legal aid before the court is not mandatory. + Article 21 The founders, administrators and all those who, before the constitution of the company, work on its behalf, personally assume responsibility, jointly and indefinitely, for all obligations that are contracted. + Article 22 Any amendment to the statutes must be decided by the General Assembly. It is not opposable to third parties until after the completion of the registration formalities in the register of agricultural companies, at the appropriate game, by the conclusion of the court and after satisfying the advertising requirements provided in art. 16 16 para. 2. Provisions of paragraph 1 are also applicable in the case of changes in the person of administrators and censors. People who gain a new social signature will submit, on the occasion of the completion of the formalities of change, at the court, the specimens of signatures. + Article 23 Art. 16 16 para. 2 on the advertising of the company cannot be invoked by third parties who knew about the existence of this society. + Article 24 Agricultural companies may establish, on the basis of the decision of the general meeting, one or more branches or branches in any locality, but only under the condition that they are entered. Art. 16 16 and 17 are duly applicable. + Chapter 3 About associates. Their rights and obligations + Article 25 The associate status of an agricultural company shall be brought down by the underwriting of the instrument of incorporation or, after the constitution, by signing a declaration. The declaration must include the data identifying the person who makes it, the company's company, the area of agricultural land brought into use, the animals, the machinery, as well as other goods, including the receivables, with which the holders enter the company, the number and value of the social parts to be subscribed, the amount it shall pay into the account of the subscribed parties and the date of the declaration. + Article 26 With the declaration, the signatory must make, at the cashier of the company, the payment provided in the statute. + Article 27 The application for registration, embodied in the written declaration, shall be resolved by the founders or, as the case may be, by the board of directors. In case of rejection or unresolved within 20 days, the one who reckons wronged may address the general meeting, which is obliged to solve the case at its first meeting. The decision of the general assembly is final The application may be rejected only for reasons established by the Statute. + Article 28 The admitted associate responds for the obligations assumed by the company, before his entry, according to the provisions of art. 7 of this law, proportional to the benefit achieved. + Article 29 The social parts of the associate cannot be ceded, pledged or pursued, as long as it has the status of associate. + Article 30 The quality of associate ceases by withdrawal, exclusion, alienation in any legal form of the land brought into use or by death. Withdrawal from society is on request. Following the withdrawal, the owner retakes the right to use the land at the end of the agricultural year. The social parts shall be returned under the conditions provided by art. 34. + Article 31 An associate may be excluded from the company only for reasons established by the statute and under the conditions laid down therein. The exclusion shall be decided by the General Assembly on a proposal from the Management Board. The exit of the associate from the company by exclusion counts as the last day of the financial year, and the one excluded loses the right from the date of exclusion to take part in the general meetings or to have any function in the agricultural society or to enjoy the rights that are conferred on him by statute. + Article 32 The quality of associate ceases by alienating the land, under the conditions 30 30, at the time it was notified to the general meeting. Provisions concerning the prohibition of estrangement, the legal movement of land, including those relating to the exercise of the right of pre-emption, of Law of Land Fund no. 18/1991 are and remain applicable. + Article 33 The status of associate ceases on the date of death, the rights of the heirs established according to the law, based on the balance sheet concluded at the end + Article 34 The company is obliged to return the shares of the associates out in any way, to which the due part of the profit or loss of the company will be added or decreased, according to the balance sheet approved by the general meeting for the end of the year ceased the quality of the associate. Art. 30 30 para. 2 remaining applicable. + Article 35 The company is entitled to withhold from the former associate the amounts owed by him, whatever the debt maturities. The right of detention provided for in the preceding paragraph constitutes a privilege of the company and it gives it a right of preference to any creditor, pursuer or transferee, regardless of the date of their claim. + Chapter 4 Administration of agricultural Board of Directors + Article 36 The management of the company shall be made by the board The number of board members must be at least 3, but not more than 13, chosen from associates. The members of the board of directors must be Romanian citizens, not to be placed under prohibition or deprived, by court, civil and political rights and not to be convicted of crimes against heritage or crimes of service. If they have been elected, they are deprived of the right of this quality, the finding being made by a minutes of the board of directors. The downfall cannot be opposed to good-faith third parties who have contracted with society. + Article 37 The Board of Directors shall be elected by the General Assembly, on a given term, its members may be revoked under the conditions laid down by the Statute. Members whose term of office has expired may be re-elected if the statute does not provide otherwise. + Article 38 The Management Board may choose, if applicable, the steering committee, which may include persons who are not associated, under the conditions laid down in the Statute. The Management Board or, as the case may be, the steering committee, where it exists, represent the company in the judiciary and towards third parties, being able to give a mandate of representation to any associate or even a person who is not a member of the Empowered persons respond to society for acts enjoyed with the overtaking of the mandate. Administrators carry out their work personally without being able to give power to another person. Those who have social signature cannot give it up or transmit it. + Article 39 The Board of Directors employs and dismisses the employees of the company + Article 40 The board of directors will elect among its members a president and a vice president, who will not be able to be cashiers or accountants of society. In the absence of the president and the vice president, the position of president will be exercised by the most elderly of the members of the board of directors. + Article 41 The presence of at least half plus one of the administrators is required for the validity of the board's deliberations. The decision shall be adopted by a majority of 2/3 of those present. + Article 42 Administrators shall be entitled to remuneration or other advantages of any kind, only if it is provided for in the statute. + Article 43 Third parties of good faith can only oppose the limitation of the powers of the administrators, provided for in the statute. + Article 44 The Management Board shall be obliged to keep the following registers: a) the inventory register, in which it will be highlighted, at the beginning of the operation of the company and then every year, the detailed description of the land, the evaluation of the animals and other movable and immovable property, including b) the register of associates, in which the name and surname will be entered, as well as the domicile of the associates, the date of entry, withdrawal or exclusion of each, the social parts for each, the various made and the social parts withdrawn; c) the register of meetings and decisions of the general meeting, with the minutes of each meeting; d) the register of meetings and decisions of the board of directors, with the minutes of each meeting; e) the register of meetings and decisions of censors, with minutes of each meeting; f) any other registers provided by law. The agricultural company is obliged to keep all acts of management of the company. All registers of agricultural companies are exempt from any taxes and stamps provided for in the stamp law, taxes on legal acts and deeds and in any other law. + Article 45 The mandatory registers will be numbered on each page and initialled by an administrator empowered by the board of directors or the steering committee, on its responsibility. On the last page, the administrator will find the number of tabs containing each register, will sign this finding, also putting the stamp of the company. + Article 46 The registers will be held in Romanian in the order of each operation, without leaving any white place, without deletion or addition; you can make straighteners and stersatures if the need requires it, but will only be done so that the figures and words directed or deleted to be read. The company is obliged to keep for 10 years from the last operation the registers, letters and telegrams, and the bills for at least 5 years. + Article 47 Administrators shall be obliged to draw up the annual balance sheet and submit it to the censors, together with the profit and loss account and all supporting documents, at least 15 days before the day fixed for the general meeting. The balance sheet shall be drawn up according to + Article 48 Within 15 days from the date of the youth of the annual general meeting, which must take place at the latest by March 15, the administrators of the company are obliged to submit to the court, in order to be attached to the company's file, the following: a) copy of the balance sheet accompanied by the profit and loss account and report; b) copy of the minutes of the general meeting; c) the list of associates entered and out of the company during the year, with the value of the social parts subscribed by each. The same documents will be submitted to the general direction of the county public finances or the city of Bucharest within which they operate. + Article 49 The administrators are jointly and severally liable to the company: a) the reality of the payments made by the associates; b) to cultivate land and protect the environment according to legal regulations; c) the actual existence of the assigned profit; d) the existence of registers required by law and the correctness and regularity of records; e) the execution of the decisions of the general meeting; f) of strict observance of the duties that the law and statutes impose and which do not have the character of a special and personal commission. Responsibility for acts or omissions does not extend to those administrators who are not at fault. The administrator who, in a determined operation, has either on his personal behalf or as a representative of another, interests contrary to the interests of the society, will have to know about it the other administrators and the censors and to refrain from any deliberation regarding this operation. The administrator who infringes this provision shall be liable for losses arising from the company. + Article 50 Civil action against administrators, for acts that concern their responsibility, belongs to the general assembly. From the moment the general assembly decided to sue, the administrators decided from office, and the general assembly must choose other administrators. The liability of the administrators does not cease by the approval of the balance sheet nor by the discharge that is given annually to them by the general assemblies Censors + Article 51 The general assembly elects each year, among the associates, from one to three tenured censors and from one to three alternate censors. A fixed allowance may be fixed to them, if the statute provides for it. + Article 52 They cannot be elected censors and if they have chosen themselves, they fall from their positions: a) employees of the company; b) the relatives of the administrators up to the third degree inclusive, as well as their spouses or wives; c) those who are found under the conditions provided in par. 2 2 and 3 of art. 36. In case of holidays, alternate censors, after age, replace the tenured ones. If even with the help of alternates the number of censors cannot be completed, those remaining will make the necessary co-opcountries, but also of the associates. + Article 53 Censors are obliged: a) to establish, agree with the administrators of the company and according to the provisions of the law, the form of the balance sheet b) to examine, at least every three months, the registers of the company, in order to become aware of the financial operations and to certify that the scripts are well kept; c) to periodically and unannounced the control of the cashier and, in any case, at least once a quarter; d) to find, at least once a month, through the means of social registers, the existence of titles or values of all kinds deposited in the preservation of society; e) to verify the fulfilment of the provisions of the constitution and of the statute regarding the conditions required for the presence of associates in the general meeting; f) review the balance sheet and make the report at least eight days before the date of the general meeting; g) to supervise the operations of liquidation; h) to convene the general assembly according to the law and the i) to take part in all general meetings and to ensure that the provisions of the law, of the act of constitution or of the statute are respected by the administrators. Censors can attend the meetings of administrators and make the agenda of these meetings and in the general meetings the proposals that will see fit. The censors deliberate in a committee, which they take part in personally and decide with the simple majority. If the majority cannot meet, the balance sheet check report will be made separately by each censor. Inspections and control will also be able to be made by each individual censor. Censors respond to society, like any trustee, to how they have fulfilled their mandate. + Chapter 5 General Assembly + Article 54 General meetings are ordinary and extraordinary. + Article 55 The ordinary general meeting will convene at least once a year, and the extraordinary general meeting whenever needed. The procedure of the necessary convocations and formalities shall be established by statute + Article 56 The General Assembly shall not take any valid decisions except in the presence of at least 2/3 of the number of members. The statute can also set a higher number. The decision shall be adopted by a simple majority if the statute does not provide otherwise. If the requested number does not meet, the general meeting will be held within a period set by the statute, being able to take decisions valid with the number of those present, but only on the issues that have been entered in the agenda since the first convocation. + Article 57 The change of the company's object, as well as the dissolution of the company, can only be decided by the general meeting in which 2/3 of the total number of the associates took part, the decision must be adopted by a majority of at least 2/3 of the members present. + Article 58 The tasks of the general meeting are a) to examine and approve or modify, after having listened to the report of the censors, the balance sheet, the revenue and expenditure budget and the project for the distribution of surplus or the resulting damage; b) fix the maximum amount until which the board of directors can engage the company during the year; c) establish the maximum limit until which loans to an associate or a foreign person may be granted, if the status allows such operations; d) establish, where appropriate, the proposal of the Management Board, the organization of production on farms, sectors or other functional compartments; e) to approve the structure of crops that will be established, the way of employment and execution of agricultural works, retrofits and investments, imports of goods and means, the way of sale of agricultural products and other operations related to productive activities of the company; f) to decide on the exit in any way of the associates in the company and on the requests of those who have been refused registration, according to the provisions of the statute; the general assembly cannot postpone or reject the requests for withdrawal; g) to elect members of the board of directors and censors; h) to deliberate on the control reports; i) to decide on the action of compensation against the administrators; j) to decide on the merger with other companies; k) to decide on the modification or completion of the statute; l) to decide on the dissolution of the company or the change of the object of activity; m) to decide on any other necessary measures in the spirit of the statute. + Article 59 Any decision of the general meeting may be challenged at the court, if it is contrary to the law or the statute, except as provided in art. 27 27 of this law. + Article 60 May appeal any associate who, being present at the general meeting, protested against the past decision in the minutes, as well as any absent associate if he was stopped for justified reasons taking part in the general assembly or if motivates the appeal that it was not done in the rule the convocation or problem was not entered in the agenda. + Article 61 The annulment of the decision of the general assembly by the court produces effects to all associations The annulment decision must be entered in the register of agricultural companies at that party, if the decision of the general meeting had been registered. + Article 62 Each associate has one vote, whatever the value of the social parts he holds. The associate may be represented in the general assembly only by another associate. A trustee may not represent in the same general assembly only one associate, except his own right. + Article 63 The minutes of the general meeting on the modification of the statutes will be submitted in three copies to the court, which will proceed to the same formalities as the constitution of the company. + Chapter 6 Dissolution, merger and liquidation of agricultural companies + Article 64 The agricultural company shall dissolve: a) at the end of the term for which it was constituted; b) to ascertain the impossibility to be the subject of the company; c) at the end of the d) by the withdrawal of the associates, if the number of those remaining is less than that provided for in the statute and in this law; e) by decision of the associates; f) if the company makes operations contrary to the law or object established pin status. In the cases provided in lett. a)-e), the dissolution shall be decided by the general meeting, and in the case referred to in lett. f) by decision of the court where it was registered, upon the complaint of the bodies of the Ministry of Finance or the prosecutor. The decision of the general meeting and, as the case may be, of the court shall be entered in the register of agricultural companies and shall be published 16 16 para. 2 2 of this law. + Article 65 After dissolution, the company goes into liquidation, according to art. 69 69 of this law. From the moment of dissolution, the administrators can no longer carry out new operations, under the sanction of personal and solidarity liability. + Article 66 The merger of several agricultural companies must be decided by the extraordinary general meeting of each of them, with a majority of 2/3 of the number of members. + Article 67 Each of the companies that decided the merger must register the decision in the register of agricultural companies and take measures to display it under the conditions of art. 16 16 para. 2. At the same time, each agricultural company will submit to the court the last review approved by the general assembly, as well as a statement on how the passivation was established. The review and declaration shall be published under the conditions of 16 16 para. 2 2 of the law. If the company that resulted from the merger establishes its headquarters in the constituency of another judge than where the companies that merged were based, the new company will proceed to the registration of the statute according to the present law. + Article 68 The merger shall take effect only after one month has elapsed since the formalities laid down in the preceding Article have been completed During this time any creditor can make opposition to the court, the decision of which is final. While the opposition is not rejected or withdrawn, the execution of the merger is suspended. If the deadline has expired without opposition, the merger is final. By merger, the resulting company takes on all the rights and obligations of the companies that have concluded their existence. + Article 69 In case of dissolution of the company, its liquidation will be made by two liquidators appointed by the general meeting, and in the case of art. 64 lit. f), by the court. The provisions of the preceding paragraph shall also apply to the revocation and appointment of other liquidators. The appointment of the liquidators, as well as their revocation must be entered at the court, with the decision to dissolve. + Article 70 Liquidators have the same responsibility as administrators. Until the appointment and acceptance of the liquidators, and if it was not otherwise ordered by the dissolution act, the administrators are the depositaries of the social assets and obliged to act on urgent business. They are obliged to give their contest to liquidators in all the course of liquidation when they would ask for it. + Article 71 All the rules provided for agricultural companies will also apply during the liquidation period, if they are not incompatible with liquidation. All the acts emanating from a dissolved society must show that she is "in liquidation." + Article 72 Liquidators, immediately after their entry into office, are obliged, together with the company's administrators, to conclude an inventory and a balance sheet signed by each other, which will find exactly the situation of the company's asset and liability. Subject to the restrictions provided for in the statutes or acts of appointment, liquidators a) represent the society in justice; b) meet all the operations necessary for liquidation; c) vind any movable or immovable property of the company, with the approval of the court; d) liquidate and collect any receivables, giving receipts to the liberators; e) make transactions and other acts of compromise; f) sign bills and contract loans and, in general, fulfill the necessary documents for liquidation. Liquidators who conclude new operations that are not necessary for the purpose of liquidation respond personally and jointly to the operations undertaken. + Article 73 Liquidators who, with their own money, paid the debts of the company, will not be able to exercise against the associates greater rights than those that would be due to the paid creditors. + Article 74 If the liquidation lasts, the liquidators will draw up balance sheets every year, submitting to the general meeting and the balance sheet drawn up at their entry into operation. The liquidators will draw up the final balance sheet, indicating what is appropriate for each social part of the company's asset. + Article 75 The balance sheet signed by the liquidators, accompanied by the report of the censors, will be filed at the Registry of the Court, which will immediately make mention of this submission in the register of agricultural companies. For 30 days from the above mention shown any associate can make opposition to the court, reading the liquidators. After the expiry of the 30 days, all oppositions will meet and settle by a single decision. The decision is final and has a working authority on trial and on those who have not made opposition. After the 30-day period has passed, without opposition, the balance sheet shall be considered approved by all associations, and the liquidators shall be released, subject to the distribution of the asset between the associates. Neither the distribution between the associates nor any advance can take place before it has been completed 6 months from the display of the decision to dissolve the company and only after the final balance sheet has remained definitively in the manner shown in the preceding paragraph. + Article 76 The amounts due to the associates, who did not appear to ask them within two months of their chargeability, will be submitted to the C.E.C., with the showing of the name of the associate and his side, to be paid to those in law. The amounts that would be due for the challenged claims will be submitted to the C.E.C. until the end of the disputes that would continue after the deregistration of the company. The amounts that were not reported by creditors or which, for any other reason, could not be paid will be submitted to the C.E.C., showing for each creditor what amounts are due. + Article 77 After the end of the distribution between the associates and the submission of the amounts shown in the previous article, the company's registers must be submitted and preserved at the court for 10 years Liquidators will demand the deregistration of the company from the register + Chapter 7 Transitional and final provisions + Article 78 The companies constituted and functioning in accordance with this law shall adopt in the name the words "agricultural society" and enjoy the advantages granted by legal provisions to agricultural companies. + Article 79 Owners of agricultural land can use in their own households or in the forms of association, as well as in agricultural societies, the wage labor force, in compliance with the legal provisions. + Article 80 The contribution with which the former cooperative members who opt in, under the conditions of the art. 28 28 of Law no. 18/1991 , in order to establish it, it is determined on the basis of the balance sheet concluded on 31 December 1990, following that it be corrected, depending on the results established by the liquidation committee. + Article 81 On the date of entry into force of this Law, the Decree of the State Council no. 346 346 of 28 September 1977 on the approval of the statutes of cooperative organizations in agriculture, published in the Official Bulletin, Part I, no. 105 of 4 October 1977, Decree of the State Council no. 93/1983 on the approval of the statutes of socialist organizations in agriculture, published in the Official Bulletin, Part I, no. 13 13 of 28 March 1983, and any other provisions to the contrary. This law was passed by the Senate at its meeting on April 18, 1991. SENATE PRESIDENT academician ALEXANDRU BIRLADEANU This law was adopted by the Assembly of Deputies at its meeting on 22 April 1991. PRESIDENT OF THE ASSEMBLY MARTIAN DAN By virtue art. 82 lit. m) of Decree-Law no. 92/1990 for the election of the Romanian Parliament and President promulgam the Law on agricultural societies and other forms of association in agriculture and we have its publication in the Official Gazette of Romania. ROMANIAN PRESIDENT ION ILIESCU -----