Law No. 109 Of 10 October 1996 Concerning The Organization And Functioning Of Cooperative Consumer And Credit Cooperative

Original Language Title:  LEGE nr. 109 din 10 octombrie 1996 privind organizarea şi funcţionarea cooperaţiei de consum şi a cooperaţiei de credit

Read the untranslated law here: https://www.global-regulation.com/law/romania/3070849/-lege-nr.-109-din-10-octombrie-1996-privind-organizarea-i-funcionarea-cooperaiei-de-consum-i-a-cooperaiei-de-credit.html

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
LAW No. 109 of 10 October 1996 concerning the Organization and functioning of cooperative consumer and ISSUER credit cooperative PARLIAMENT Published in MONITORUL OFICIAL NR. 252 of 18 October 1996 the Romanian Parliament adopts this law.


Title I General provisions Article 1 the work of the cooperative consumer and credit cooperation takes place through consumer cooperatives and credit unions-popular banks.


Article 2 the cooperative consumer Organizations and cooperative credit associations are autonomous, apolitical and non-governmental organizations, whose primary purpose is organizing activities based on the principle of intrajutorarii of their members.
The cooperative consumer organizations and credit cooperative is formed on the principle of free association, non-discriminatory and operates democratically. Governing bodies of the cooperative consumer organizations and credit cooperative shall be elected under the conditions laid down by this law and its own statutes.
Each Member of a cooperative participate in making the decisions of the General Assembly with only one vote regardless of the number of subscribed social parties.


Article 3 cooperative consumer Organizations and credit cooperative shall consist of a variable number of members, and the share capital is made up of shares of equal value. It is prohibited the formation of organizations with fixed capital.


Article 4 to serve as better the interests of members and of the community, the cooperative consumer organizations and credit cooperative may cooperate locally and nationally with public authorities, economic operators and similar organizations, as well as internationally with cooperative bodies and other partners.


Article 5 credit unions-popular banks may be associated in the case of credit unions, and those in the Home Credit unions-CREDITCOOP.
Consumer cooperatives and territorial houses credit unions may be associated in cooperatives, territorial federal consumer and credit-FEDERALCOOP.
Federalele of consumer cooperatives and credit and CREDITCOOP may be associated in the National Union of Consumer Cooperatives and Credit-CENTROCOOP.


Title II Consumer Cooperative Chapter 1 establishment of consumer cooperatives Article 6 Consumer Cooperatives are associations of individuals, set up freely without any kind of discrimination on grounds of nationality, ethnic origin, language, religion, political affiliation, wealth, social origin or sex.


Article 7 Consumer Cooperatives can be organized on the territory of one or more localities. In the same locality may operate one or more consumer cooperative.


Article 8 the Consumer Cooperatives are set up on the basis of a memorandum of Association, with a number of at least 15 founding members, organizing the activity being regulated by the statutes of the cooperative, developed on the basis of the framework statute approved by Congress cooperative consumer and Credit.


Article 9 of the articles of incorporation of the cooperative of consumption shall be signed by all founders and is certified for authenticity, semnaturilor, Secretary of the administrative and territorial unit in which the cooperative will have its seat.
Consumer cooperative statutes approved by the General Assembly of founding members.


Article 10 consumer Cooperative shall acquire legal personality by virtue of a final judgement pronounced on the basis of constitutive document and its own statutes, and may work after its registration at the trade registry and getting the tax code from the territorial units of the Ministry of finance.
Consumer cooperatives disbanded or amalgamated after 1990 can be reinfiinta by way of cooperative members, in compliance with the provisions of paragraphs 1 and 2. 1 of this article, according to regain the assets of the balance sheet had finalised the abolition or comasarii.


Article 11 can be a member any person who has cooperator reached the age of 18 years has the capacity of exercise, residing in the consumer cooperative, signed or agreed to, as appropriate, its articles of incorporation and bylaws and endorsed at least some.
There may be individual cooperator member whose interests are contrary to those of the cooperative of consumption or that makes them unfair competition.
Statutes may regulate and other conditions for admission as a member of cooperator.
Former members retain cooperative membership regardless of the size of the social parties considered originally provided to supplement the social parties at the level of value provided for in the statutes of the cooperative.


Article 12 since the formation of the cooperative consumer, the individual who wishes to become a member shall sign an application for entry in the cooperative, stating: your name, surname, place of residence, the number and total value of social parties that it wishes to become a party, the amount you pay on behalf of such shares and the date of application. Also in demand is going to mention that knowledge about the provisions of the articles of incorporation and bylaws of the cooperative, which they recognize.


Article 13 entry into consumer cooperative, every cooperator member must submit, at its cashier, not less than 30% of the value of subscribed social parties, and the registration fee.
The difference shall be submitted by the members of the cooperative within a period specified by the general meeting of the cooperative.


Article 14 application for entry into the consumer cooperative shall be approved by the Executive Office, which did not oppose it than where the applicant does not meet the conditions laid down in this law and the statutes of the cooperative.
Executive decision shall be communicated in writing to the applicant within 15 days of the date when the application was registered. If within that period the applicant does not receive any reminder, it is admissible.
The applicant has rejected as opposition to the Board of Directors of the cooperative consumer within 15 days of the notification of the decision. The appeal shall be addressed by the auditing Commission, which is required to submit to the Board of Directors of the debate. The Board's decision can be appealed to the general meeting of the cooperative of consumption within one year after the communication.
Applications for enrollment have been approved by the Executive Board or the Board of Directors of the cooperative of consumption shall be subject to confirmation by the General Assembly at its first sitting.


Chapter 2 of Article 15 of the cooperative of consumption is achieved mainly through: a) retail and with high;
  

b) catering, hospitality, tourism activity internally and externally;
  

c industrial production) and provision of services;
  

d) buying products from the public and from businesses and their exploitation during processing or by marketing it as such;
  

e) sale of building materials, agricultural tools, machinery and petroleum products and household items, fertilizers, animal breeding, feed, seed, seedlings, seeds and other products specific to the agricultural activity;
  

f) Organization for agricultural land owners and operators, agrozooveterinare services, including renting of agricultural machinery and tools;
  

g) Organization and conducting crop, cattle-breeding, fishing, bee-keeping, sericicole;
  

h) export and import of goods, products, services and exchanges of goods with cooperative organizations, enterprises and firms from other countries;
  

I) cooperation and cooperative ventures with other units, with natural or legal persons from the country and abroad, as well as participation in the share capital of the company;
  

j) execution of investments for your own needs and for third parties;
  

advertising and publicity);
  

l) cultural-educational and action sports and sponsorship of cultural events, scientific, technical, sports;
  

m) vocational training and improvement of personnel.
  


Chapter 3 shares article 16 the size of a shares shall be determined by statute.


Article 17 shares may not be transferred or sold to others or pledged. They cannot be represented by negotiable securities. Shares are not interest-bearing. They cannot be used for payment of debts and personal members of the cooperative compared consumer cooperative or against third parties.


Article 18 share in the profits of the consumer cooperative shall be assigned to each Member in proportion to the cooperator participation of social capital and dividends.
Cooperative members dividends unearned within 3 years after the date set by the General Assembly are added to the holders of shares without their agreement.


Article 19 cooperation and emphasize the members social parties they subscribed and paid by the consumer cooperative in a special register.


Article 20 the status of consumer cooperative may provide that a member of the cooperator to withdraw, upon request, one or more shares, remains a member as long as it holds at least one side.


Chapter 4 rights and duties of the members of the cooperative article 21 cooperation Members have the following rights: to receive order) its shares, dividends paid from profits, according to the annual general meeting of the cooperative;
  


b) to participate in general assemblies and to propose measures to improve the work of the cooperative and the consumer bodies;
  

c) to elect and be elected to the governing bodies of the cooperative of consumption or in the auditing Commission, to be elected by delegates to the General Assembly of the FEDERALCOOP that is associated with the cooperative, the cooperative Congress, Consumer Credit, to be elected to the governing bodies and the control of FEDERALCOOP and of CENTROCOOP;
  

d) to benefit from the advantages and social-cultural materials arising from the activity of the cooperative;
  

e) have priority for the purchase of goods and services to be carried out.
  


Article 22 members have the following duties: cooperative to pay at) the deadlines laid down, the amount of subscribed social parties;
  

b) to comply with the decisions of the general meeting of the cooperative;
  

(c) to defend himself and to) preserve the cooperative consumer goods;
  

d) to know and comply with this Act and the statutes of the cooperative.
  

Members of the cooperative are responsible for obligations of the consumer cooperative which, within the limit of the social parties entered into.


Chapter 5 termination of membership article 23 cooperator membership withdrawal shall cease through cooperator exclusion or death.


Article 24 withdrawal of cooperation from members of the cooperative of consumption can be made by written request. Through the statute prescribes the period within which it may announce the withdrawal, which may not be less than three months and for more than 6 months against the withdrawal date announced.


Article 25 In the Statute may stipulate a minimum term from the date of entry into the consumer cooperative member cooperator cannot withdraw from it.


Article 26 In the event of death, the membership will be lost on the day the cooperator's death, and his successor rights are determined on the basis of the balance sheet accounting period at the end of the year.


Article 27 Member cooperator may be excluded from the consumer cooperative where: (a) put in delay) has not paid in full within the time limits laid down, at least some social cover;
  

b) no longer fulfils the conditions for membership in the cooperative of consumption, as referred to in art. 11;
  

c) commits crimes in the cooperative consumer harm.
  

Judgment of exclusion is taken into the cooperative Board of Directors, and shall be communicated to the cause by registered letter. Cooperator Member excluded could challenge the judgment of the general meeting of the cooperative of consumption, by the auditing Commission, within 30 days of the notification of the decision appealed from.


Article 28 in case of withdrawal, the members of the cooperative shall be entitled to the refund of social parties paid, dividends and share-parts of the Development Fund, in proportion to the participation in the capital of the cooperative, and in case of death, they shall be refunded, upon request, legal heirs or estate.
The exclusion of consumer cooperative, shall revert to the Member of the cooperator shares paid dividends, as well as appropriate social parties held by it.


Chapter 6 managing bodies Article 29 cooperative governing bodies are: the General Assembly);
  

b) Board of Directors;
  

c) Executive Office.
  

Article 30 General Assembly General Assembly is the governing body of the activity of the cooperative and is made up of all cooperative members enrolled in the cooperative.


Article 31 where the convening all members of the cooperative, in a single General Assembly, it is not possible or consumer cooperative operates within several townships, the General Assembly will be attended by delegates elected in each locality times based on uniform rules districts for representation and empowering established by Board of Directors of the cooperative.


Article 32 General meetings shall be ordinary and extraordinary. Ordinary general assemblies are held once a year, within 30 days after the conclusion of the annual balance sheet. Extraordinary general meetings are held whenever the need arises.


Article 33 the ordinary General Assembly shall have the following main tasks: to approve or modify) the balance sheet and the profit and loss account;
  

b) approve, on the basis of the balance sheet and the annual report of the Audit Commission, profit distributions, including dividends and other rights or benefits what is granted to members of the cooperative, as well as how to cover eventual losses;
  

c) work schedule and approve the budget of revenue and expenditure; approve discharge of the Board of Directors;
  

d) approve and amend the statutes of the cooperative;
  

e) approve consumer cooperative association at FEDERALCOOP or with other cooperatives;
  

f) acknowledge receipt of new cooperative members;
  

g) appeals relating to exclusion of members resolve cooperative;
  

h) examines the decisions of the Board of Directors regarding dobindirea, alienation or conveyance of goods and take the necessary measures for bringing the guilty ones, where it is found to have been harmed by the cooperative;
  

I approve the establishment of various funds), as well as their size, in accordance with the legal provisions;
  

j) determines the amount of change and shares, the minimum number of them, and the time limits for payment of the value of subscribed social parties;
  

k) examines the work of the Board of Directors and the Audit Committee;
  

l) elects the Administrative Board and the auditing Commission;
  

m) choose delegates to the General Assembly of the FEDERALCOOP to which it is associated;
  

n) securing the remuneration of members of the Board of Directors and the Audit Committee;
  

a confirm the function) of employees with management and heads of units.
  


Article 34 extraordinary general assemblies shall meet whenever necessary to take decisions to increase the amount of: (a) the social parties) and the minimum number of animals;
  

b) changing consumer cooperative headquarters;
  

c) merger with other consumer cooperative, splitting or dissolution of the cooperative;
  

d) alter the objects of a consumer cooperative;
  

e) liquidators, if dissolution of the cooperative;
  

f) withdrawal of the mandate of the members of the Board of directors or of Auditors: for deviating from the laws in force or the Statute, for inactivity, or at their request;
  

g) approve or confirm, if necessary, actions of cooperation and Association of consumer cooperative with other cooperative organizations, with natural or legal persons, in the country and abroad, as well as the cooperative participation in the share capital of the company;
  

(h) any other issues) which in this law or the Statute required the approval of the General Assembly.
  


Article 35 For the validity of the judgments of the ordinary and extraordinary general meetings is required of most cooperative members with voting rights or their delegates. Decisions shall be taken by a majority vote of those present.
If the General Assembly cannot work due to failure to comply with the conditions laid down in paragraph 1. 1 of this article, the image will meet after the second convocation may decide on matters on the agenda of the Assembly, if the teeth is present at least one third of the members of the cooperative or their delegates.


Article 36 regular or extraordinary general meeting shall be convened by the Board of Directors through its Chairman.
The Board of Directors shall convene an ordinary general meeting or extraordinary, as appropriate, and in cases where it is required by at least one tenth of the total number of cooperative members or at the request of the auditor.
If administrators or auditors shall convene not cooperative consumer General Assembly, FEDERALCOOP that is associated with the cooperative may convene the General Assembly, in compliance with the provisions of art. 35. Article 37 shall be by Summons at least 15 calendar days before the date fixed, including place, date and time of holding the general meeting, and the agenda, with the presentation of all issues which are the subject of the debate it.
Notification for convening the General Assembly may provide for and the date would be the attire of the second general meeting, where the first summon would not achieve the statutory number of cooperative members present.
Between the dates scheduled for the second convocation may not be a term less than 48 hours and not more than 15 days.


Article 38 the balance sheet and Auditor's report shall be made available to the members of the cooperative, the cooperative's registered office, at least 10 days before the day fixed for the general meeting.


Article 39 general meetings are led by the Chairman of the Board of directors or, in his absence, by the Vice-Chairman, or by the person chosen by the General Assembly for this purpose.


Article 40 decisions of general meetings shall be taken by secret ballot or by open vote. The secret vote is required for election of Board of Directors and Auditors, to revoke their decisions, to take the responsibility of administrators, as well as to confirm the maintenance of employees with management and heads of units. Administrators and employees of members of the cooperative, the cooperative consumer, cannot take part in the vote on matters which concern their responsibility.


Article 41


Decisions taken by the General Assembly are non-binding and cooperative members who have not taken part in the general meeting or voted against.
Article 42 Board of Directors the Board of Directors consists of 5-15 3-5 members and alternates, elected by the general meeting of the members of the cooperative for a period of 4 years. Administrators should be Romanian citizens.
Administrators are reeligibili, if the Statute otherwise.


Article 43 In its first meeting, the Board of Directors shall elect from among its members a Chairman and, if necessary, a Vice President, and other members of the Executive Office.


Article 44 cannot be administrators people who under the law are declared incapable or criminal convictions.
Husband, wife, family members and relatives as well as directors, up to the third degree inclusive, cannot be elected as members of the same Board of Directors.


Article 45 Board members can't be, without the authorization of the General Assembly, administrators, Executive Directors and censors in companies which have the same object as that of consumer cooperative. It also may not be members of the Board of Directors the persons who exercise their concurrent consumer cooperative activities, on their own account or on behalf of another person.
Failure to observe the prohibition referred to in the preceding paragraph shall entail revocation from membership of the Board of Directors and, depending on the severity of the offence, may result in exclusion from the cooperative consumer and liability for damage.


Article 46 administrators are required to submit, within 30 days of their choice, the financial security that cannot be less than the equivalent value of ten shares.
For the failure of the security within the time limit referred to in the preceding paragraph, the administrator in question will be removed from Office.
The security shall remain in the account of the cooperative and may not be returned than this to the Administrator's Office, but no earlier than the date on which the General Assembly has approved the balance sheet and the profit and loss account of the last financial year in which the administrator has worked and after discharge for the financial year in question.
In case of death, the security administrator shall be returned to the survivors, after its approval by the General Assembly of the balance sheet and the profit and loss account of the year in which the administrator died and after discharge for the financial year in question.


Article 47 Administrators may not be represented by another person.


Article 48 the Board of Directors shall meet once every quarter and whenever necessary.
For the validity of the proceedings of the Board of Directors is required to at least half the number of administrators. Decisions shall be taken by a majority vote of the members present.


Article 49 the Administrative Council has mainly the following powers: (a) submit to approval) General Assembly annual programme relating to financial and economic activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account;
  

b) examines economic, financial activity periodically, organisational and socio-cultural advancement of cooperative consumer and take measures for their improvement;
  

(c) establishment of new decides) units in order to achieve the object of activity;
  

d organisational diagram) determines the consumer cooperative;
  

e) organizes actions of cooperation and association with other co-operative organisations, with natural persons or legal persons in the country or abroad, which it shall submit to the General Assembly confirmation;
  

f) approve training programme and improving the training of staff and ensure compliance with it;
  

g) shall act on the acquisition and disposal of assets, according to the regulations in force;
  

h) approve, according to the regulations in force, the various forms of organization and administration of own units;
  

I endorse the withdrawal of cooperation) members and resolve disputes over the persons for whom the Executive Office has not approved the application for entry in the cooperative;
  

j) withdrawing the mandate of members of the Executive Bureau before the expiry of that period: for serious infringements of the law or the statutes, for inactivity, or at their request; subject to the approval of the general meeting revoking from the Board of Directors of some members for serious infringements of the law or the Statute, or for inactivity; complements, from reaching the seats which have become vacant deputy members;
  

k) resolve any other matters determined by the General Assembly.
  


Article 50 Administrators respond jointly and severally against consumer cooperative for the provisioning of reality): performed by members of the cooperative;
  

b) existence of records required by law and keeping their correct;
  

(c) the actual existence) of profit distributed;
  

d) efficient and judicious management of the patrimony of the cooperative;
  

It's just execution of judgments) of the General Assembly;
  

f) duties that the law and the Statute and not having the character of a special and personal obligations.
  


Article 51 Administrators responsible jointly and severally with their immediate predecessors if, having knowledge about the irregularities committed by them and not bring them to the attention of censors.
Responsibility for the acts committed or for omissions and does not extend to administrators who have made to record in the register of decisions of the Administrative Council, their opposition and have încunoştinţat about this in writing on the censors.
For decisions taken in meetings to which they have not witnessed, the administrators shall remain liable, if within 30 days of when they took the knowledge they didn't do the opposition forms referred to in the preceding paragraph.


Article 52 the administrator who has, in a given operation, directly or indirectly, interests contrary to consumer cooperative must notify about this fellow administrators and Auditors ' and not on the take part in any deliberation regarding it. The same requirement the administrator and where, in a given operation, knowing that I'm interested in the husband, wife, relatives or his family members up to the third degree inclusive.


Article 53 liability Action against administrators for their responsibility concerning the General Assembly, which appoints the person tasked to pursue legal action.
From the time the General Assembly decided to start the action in liability against the directors, their term of Office is terminated by operation of law and the General Assembly will proceed to their replacement.
Liability of Trustees does not cease through the approval of the balance sheet date and any downloading of the General Assembly on an annual basis.
Article 54 Executive Executive Office is the body who runs the current activity of the cooperative of consumption during the period between meetings of the Board of Directors.


Article 55 the Executive Bureau consists of 3-5 members elected by the Board of directors from among its members.
Chairman of the Board of Directors is the Executive Office of the President of the cooperative.


Article 56 Executive Board meets monthly and whenever needed.
Executive decisions shall be taken by a majority vote of its members.


Article 57 the Executive Office is obliged to present at each meeting of the Board of Directors, the register or its deliberations and submit confirmation of its decisions.


Article 58 the Executive Office has the following main tasks: to bring to fruition) against decisions of the Board of Directors and its report about the work done;
  

b action) initiates attracting new members and of the social parties subscribed;
  

c) examines and decides upon applications for enrollment in the cooperative;
  

d) engages and dismiss staff and establishes the rights and obligations thereof;
  

e) sets and change the law, prices and tariffs on the products, the work to be performed and services rendered;
  

f) you of meetings and deliberations;
  

(g) any other duties) meets entrusted by the Board of directors or resulting from the necessity of carrying out operative activity of consumer cooperative, with the exception of those falling within the competence of the general meeting or the Board of Directors.
  


Title III-credit cooperative bank popular Chapter 1 establishment of credit unions-popular banks Article 59 article. 6-14 apply properly credit unions and banks.
The minimum number of founding members of credit unions-popular banks is 100 persons who subscribed and have shed at least some.


Chapter 2 of Article 60 credit unions banks performing folk the benefit of the members of the cooperative: a) granting loans and banking services;
  

b), priority, advantageous loans to members of the cooperative, agricultural producers, for the purchase of livestock, equipment, machinery, tools, agricultural implements, fertilizers and other goods for the development of agricultural production in individual households, according to debt consolidation resources;
  

c money) of taking advantage of the savings cooperative and others;
  

d) contracting of loans from banks;
  


(e) availability of money) keeping the members of the cooperative, and other natural or legal persons, accounts, at their request, and performing operations;
  

f) currency exchange operations;
  

g) operations with banking, nature made in term.
  


Chapter 3 shares Article 61 article. 16-20 applies correspondingly credit unions and banks.
Interest for debt consolidation resources cooperative credit banks of popular support.


Chapter 4 rights and duties of the members of the cooperative provisions of article 62 Article. 21 lit. a)-(d)) shall apply accordingly to members of credit unions-popular banks.
Members of credit unions-popular banks also have the following rights: a) to be elected as delegates to the General Assembly of the territorial House of credit unions and to be elected to the governing bodies and the control of it;
  

b) to receive loans under the conditions laid down in the regulation on granting loans;
  

c) to deposit their savings towards the fruition of receiving money for interest to be determined by the general meeting, according to the rules drawn up for this purpose by CREDITCOOP.
  


Article 63 article. 22 shall apply accordingly to members of credit unions and banks.
Cooperative members, beneficiaries of loans, are required to pay the loan term and interest rates.


Chapter 5 termination of membership Article 64 article cooperator. 23-28 shall apply accordingly to members of credit unions-popular banks.


Article 65 Member credit cooperative-popular Bank may withdraw from the cooperative only if passed at least one year from the date of payment of the last installment of the loan.


Chapter 6 66 Article governing bodies governing bodies of cooperative credit Bank are popular: a) General Assembly;
  

b) Board of Directors;
  

c) Executive Office.
  


Article 67 article. 30-58 applies to properly credit unions and banks.
The general meeting of the cooperative credit association-popular Bank to approve territorial House of credit unions and choose delegates to the General Assembly of the territorial House of credit unions.


Title IV territorial House of credit unions Chapter 1 establishment of the territorial House of credit unions in article 68 of the territorial House credit unions shall be constituted through free association of credit unions-popular banks within one or more counties.
The Association, each cooperative credit-Bank popular pays a registration fee to be determined by the General Assembly of the local credit unions and one or more shares.


Article 69 Registration territorial House credit unions at the commercial register shall be made on the basis of constitutive document and has its own statute, drafted on the basis of the framework statute approved by Congress cooperative consumer and Credit.


Chapter 2 of Article 70 article. 60 is applied properly and territorial House of credit unions.
Territorial House of credit unions also conducts the following activities: a) represents the interests of the economic, financial, legal, social and cultural needs of credit unions-popular banks associated in front of public institutions and of the courts;
  

b) supports credit unions-popular banks associated with financial means, at given intervals, for current activity and development of the technical-material base;
  

c) grant assistance of economic-financial, legal and other specialized credit unions-popular banks associated;
  

d) collate and analyse balance sheets quarterly results and completion of programmes, as well as monthly data of co-operative credit unions-popular associated banks;
  

e) are data banks necessary economic-social credit unions-popular banks and associated information services;
  

f) compliance with the provisions of the articles of Association of the credit unions-popular associated banks;
  

g) organize, for credit unions-popular banks, staff training, advertising and publicity actions, actions of social-cultural and sporting;
  

h) exercise, according to the law, financial control management at credit unions-popular banks.
  

The activities referred to in a), b), c) and g) of this article shall be carried out at the request of credit unions-popular banks.


Chapter 3 Article 71 the number of shares the social parties to be subscribed by each organization, as well as co-operative associated value of shares shall be determined by the General Assembly of the local credit unions.


Article 72 entry into territorial House of credit unions, cooperative organizations associated pay at least 30% of the value of subscribed social parties, and the difference shall be filed not later than 2 years after the date of entry, the time limits laid down by the General Assembly.
Shares may not be transferred to any other natural or legal persons.


Article 73 share in the profits of the House territorial credit unions, remaining after payment of corporation tax and after the establishment of the funds according to the law, their own statutes and regulations approved by the CENTROCOOP assigns cooperative organizations associated with participation in the share capital and dividends.


Chapter 4 rights and duties of cooperative organizations associated with Article 74 credit unions-popular banks, as associates in the territorial House credit unions, shall apply accordingly to the rules regarding the rights and obligations of the cooperative organizations associated. 90 and 91.


Chapter 5 termination of membership associate Article 75 credit unions-popular banks losing membership in the territorial House of credit unions, according to the rules laid down in article 21. 92-96 and in article 1(2). 96-98, which shall apply accordingly.


Article 76 Complaints regarding the determination of the non-withdrawal or exclusion of associated cooperative House of credit unions shall be submitted to the Board of Directors of CREDITCOOP within 30 days from the date of holding the general meeting of the local credit unions.
The judgment of the Board of Directors may be contested at CREDITCOOP Board of Directors of CENTROCOOP.


Chapter 6 managing bodies Article 77 managing bodies of the territorial House of credit unions are: a) General Assembly;
  

b) Board of Directors;
  

c) Executive Office.
  

Article 78 General Assembly General Assembly of the territorial House of credit unions is composed of representatives of all credit unions-popular banks. The number of representatives shall be determined by the Board of Directors, in proportion to the number of members of credit unions-popular banks.


Article 79 article. 32-41 apply properly and territorial houses of credit unions.
The General Assembly approves the Association of credit unions-popular banks at the House of credit unions and associating it to the FEDERALCOOP and CREDITCOOP.
The Board of Directors Article 80 territorial House Administration credit unions is entrusted to a Board of Directors whose number of members is determined by the General Assembly so that each credit cooperative-popular Bank to have at least one representative.
Members of the Board of Directors shall be Romanian citizens, members of cooperatives in cooperative credit banks, popular on the territorial House credit unions concerned.


Article 81 In its first meeting, the Board of Directors shall elect from among its members a Chairperson and other members of the Executive Office.


Article 82 article. 42 para. 2, of article 23. 44-53 and of art. 105 is applied properly and territorial houses of credit unions.
Executive Office the Executive Office Article 83 of the territorial credit unions lead the current activity in the period between meetings of the Board of Directors and shall consist of 5-9 members, including the President.
Chairman of the Board of Directors is the Executive President.


Article 84 article. 56-58 and of art. 107 is applied properly and the territorial Executive of credit unions.


Title V Federal and territorial consumer cooperatives and credit-FEDERALCOOP Chapter 1 establishment of territorial federalei of consumer cooperatives and credit FEDERALCOOP Federal-territorial Article 85 of the consumption cooperatives and credit-FEDERALCOOP is constituted by the free association of consumer cooperatives and the territorial credit unions within one or more counties. FEDERALCOOP performs in order to satisfy the needs of his associates, as well as economic activities.

The Association, each organization pays a co-operative associate enrollment fee determined by the General Assembly of the FEDERALCOOP and subscribe to one or more shares.


Article 86 the registration federalei territorial consumer cooperatives and credit-FEDERALCOOP at the commercial register shall be made on the basis of constitutive document and has its own statute, drafted on the basis of the framework statute approved by Congress cooperative consumer and Credit.


Chapter 2 of Article 87 of FEDERALCOOP consist of: a) represents the interests of the economic, financial, legal and socio-cultural values of consumer cooperatives and the territorial House of credit unions in the face of public institutions and of the courts;
  

b) supports cooperative organizations associated with financial means, at given intervals, for current activity and for the development of the technical-material base;
  

c) carries through its units, commercial production activities, execute works and provide services;
  

d) depository, with priority, consumer cooperatives associated with commodities and products;
  

e) loosen products made of consumer cooperatives associated;
  

f) grant assistance organizations associated specialized cooperative economic-financial, technical and legal;
  

g) cooperates with the cooperatives involved in the activity of production, supply and distribution, execution of works, provision of services, the internal market capitalization or foreign producers of agricultural products, as well as in organizing and development activity;
  

h) set up shops, catering, tourism, cargo, subsidiaries and branches;
  

I) organizes and conducts its own transport means for cooperative organizations and associated to other economic agents;
  

j) organize cooperation and cooperative ventures with other units, with natural or legal persons in the country; participate in social capital of commercial companies and set up their own businesses and companies;
  

k) organizes export-import activities, exchanges and cooperation with cooperative organizations or companies abroad;
  

l) designs and builds investment objectives for cooperative organizations and associated third parties;
  

m) constitutes data banks necessary cooperative organizations, organizes information and management services for designing and deploying computer systems and subsystems for consumer cooperatives, corporations and cooperative enterprises, territorial House of credit unions and third parties;
  

n) shall monitor compliance with statutory provisions by the cooperative organizations associated;
  

a) organizes, in accordance with the law, training and further training to its staff and to that of the cooperative organizations associated;
  

p) undertake actions of advertising and cooperative advertising for third parties and associated, as well as cultural and social actions for the members of the cooperative.
  

The activities referred to in paragraph 1. 1 of this article, intended for cooperative organizations, shall be carried out at their request.


Chapter 3 Article Number 88 shares the social parties to be subscribed by each organization, as well as co-operative associated value of shares shall be determined by the General Assembly of the FEDERALCOOP.
The entry in the FEDERALCOOP, cooperative organizations associated spill at least 30% of the value of subscribed social parties, and the difference shall be filed not later than 2 years after the date of entry, the time limits laid down by the General Assembly.
Shares may not be transferred to any other natural or legal persons.


Article 89 the share from the profit remaining after the payment of FEDERALCOOP, corporation tax and after the establishment of the funds according to law and their own statutes, are assigned to the cooperative organizations associated with participation in the share capital and dividends.


Chapter 4 rights and duties of cooperative organizations associated co-operative Organisations associated in article 90 to FEDERALCOOP have the following rights: a) to receive from the annual profit dividend, the amount of which shall be approved by the General Assembly;
  

b) to benefit from the assistance of economic, financial, legal, technical, training, and material advantages and social-cultural developments arising from the work of FEDERALCOOP;
  

c) to carry out activities of supply and outlets through FEDERALCOOP;
  

d) to participate through representatives in the General meetings of the FEDERALCOOP;
  

e) have representatives elected by the General Assembly of the FEDERALCOOP in their management and control;
  

f) have representatives elected by the general meeting of delegates to the Congress FEDERALCOOP as Cooperative and Consumer Credit. They can be elected by Congress in their management and control of CENTROCOOP;
  

g) to address the leadership bodies and control of FEDERALCOOP with requests, complaints and proposals relating to its work.
  


Article 91 cooperative Organisations associated to FEDERALCOOP have the following duties: a) to pay to the established application fees and shares subscribed;
  

b) to communicate the FEDERALCOOP balance sheet, statistical data and other information in connection with its activities;
  

c) to participate in the financing of joint actions-socio-cultural, sporting, entertainment, advertising and publicity, training and improvement of personnel training, international representation, co-operative, benevolent investment, specialized assistance and other actions stipulated by the law and by the rules approved by the CENTROCOOP;
  

d) to participate in the activities of FEDERALCOOP;
  

e) to recognize and apply the provisions of this law and of the statutes;
  

f) to comply with the decisions of the Board of Directors and the General Assembly of the FEDERALCOOP, the Board of Directors and of the Executive of CENTROCOOP, as well as those of Congress and the cooperative Consumer Credit except indicatively.
  


Chapter 5 termination of membership associate membership associate Article 92 shall be terminated by withdrawal or exclusion from FEDERALCOOP through termination of cooperative organization, as well as by dissolving FEDERALCOOP.


Article 93 of the associated FEDERALCOOP cooperative organization can be done in cases where: a) the Board of directors or Executive Office of FEDERALCOOP fails with the legal and statutory duties towards co-operative organization associated or when improperly infringes these duties;
  

b) Board of directors or the Executive Office of the FEDERALCOOP cooperative organization associated with causing damage;
  

c) Board of directors or the Executive Office of the FEDERALCOOP does not endorse, as a representative of the cooperative organization, its interests in the face of public institutions and of the courts.
  

The decision shall be taken in the retreat at a general meeting of the cooperative organization associated who wishes to retire and is approved by the General Assembly of the FEDERALCOOP.


Article 94 exclusion of FEDERALCOOP cooperative organization associated with it can be done in cases where: a) questioned the delay, not spill shares has been ordered;
  

b) refuse to apply the decisions of the General Assembly and of the Board of Directors of FEDERALCOOP, those of the Board of Directors and of the Executive of CENTROCOOP, as well as those of the Congress of the cooperative consumer and Credit, with the exception of those indicative;
  

c) recognize and refuses to apply the provisions of this law and of the statutes.
  

Judgment of exclusion take General Assembly of FEDERALCOOP.
Exclusion of cooperative organisation associated with it may be decided in advance, the following measures have been taken in the order set out below: a) the warning addressed to the Board of Directors of associated cooperative organization;
  

b) dissolution of the Board of Directors of cooperative organization and an associated appointment on an interim basis, pending the meeting of its General Assembly, which will hold new elections. Convening the General Assembly will be made once the decision on the dissolution of the Board of Directors, in compliance with legal and statutory provisions.
  


Article 95 Complaints concerning the judgement of non-admission of withdrawal or exclusion from the cooperative organization associated with FEDERALCOOP is submitted to the Board of Directors of CENTROCOOP, and in the case of the territorial House of credit unions, with opinion within CREDITCOOP 30 days from the date of holding the general meeting of FEDERALCOOP which confirmed the opposition withdrawal or exclusion.
The judgment of the Board of Directors of CENTROCOOP may be contested by judicial process within 30 days of its notification.


Article 96 on the basis of a final decision of withdrawal or exclusion, the Board of Directors of FEDERALCOOP will become available within a period of 15 days, conducting a financial management control in order to verify the integrity of the respective cooperative organization associated with heritage and for establishing the debt it has.
Control findings are brought to the attention of the General Assembly of the Organization of the respective cooperative associated within 30 days after its completion.


Article 97


The withdrawal or exclusion from associated co-operative organization entitled to receive shares and dividends paid.


Article 98 associated co-operative Organisation which withdraws or is excluded from that FEDERALCOOP receive only the rights set out in art. 160-162 and the second subparagraph of article. 177. Chapter 6 governing bodies Article 99 FEDERALCOOP governing bodies are: the General Assembly);
  

b) Board of Directors;
  

c) Executive Office.
  

Article 100 Assembly general meeting of the FEDERALCOOP is made up of elected representatives in the General meetings of all cooperatives associated territorial House and credit unions. The number of representatives shall be determined by the Board of Directors of FEDERALCOOP.


Article 101 article. 32-41 apply properly and FEDERALCOOP, with the exception of art. 33 lit. s) and m).
The General Assembly of the Association FEDERALCOOP FEDERALCOOP approve of consumer cooperatives and the local credit unions, Association of FEDERALCOOP from CENTROCOOP and elect delegates to the Congress of the cooperative consumer and Credit.
FEDERALCOOP General Assembly debate and approve quarterly and annual policies and programs relating to the financial and economic activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account of the consumption cooperatives and cooperatives of territorial appropriation.
The Board of Directors Article 102 FEDERALCOOP Administration is entrusted to a Board of Directors whose number of members is determined by the General Assembly so that each consumer cooperative, territorial House of credit unions and FEDERALCOOP to have at least one representative. Administrators should be Romanian citizens, members of cooperatives, and to have their residence in the FEDERALCOOP.
Administrators are elected for a period of 4 years. They are reeligibili, if the Statute otherwise.


Article 103 In its first meeting, the Board of Directors shall elect from among its members a President, Vice-Presidents, of whom on one is the President of the territorial House of credit unions, and other members of the Executive Office.


Article 104 article. 44-48 and of art. 50-53 apply properly and the Board of Directors of FEDERALCOOP.


Article 105 the Management Board shall, in the main following tasks: subject to approval) analysed the General Assembly quarterly and annual programmes relating to economic and financial activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account of FEDERALCOOP;
  

(b) submit to the General Assembly debate) programs relating to quarterly and annual financial and economic activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account of the consumption cooperatives and cooperatives of territorial appropriation associated;
  

c) supports financial and economic activity and organization of cooperatives associated and territorial House of credit cooperatives and the proper management of own units;
  

d bring to fruition) General Assembly decisions FEDERALCOOP;
  

e) discuss and approve executive briefings and the conclusions of the Audit Commission;
  

f) proposes to the General Assembly for approval by way of distributing the net profit and other rights or benefits which are granted to cooperative organisations, and how to cover eventual losses;
  

g) grant assistance for the establishment and reorganisation of the consumption cooperatives associated;
  

h) take steps to resolve the problems arising as a result of the liquidation of consumer cooperatives associated;
  

I) decides on the acquisition and disposal of assets, according to the regulations in force;
  

j) Bellerive regarding establishment of economic units;
  

k) organizes actions of cooperation and association with other co-operative organisations, with individuals or legal entities in the country or abroad, which it shall submit to the General Assembly confirmation;
  

l) withdraw the mandate of members of the Executive Bureau before the expiry of that period: for serious infringements of the law or the statutes, for inactivity, or at their request; subject to the approval of the general meeting revoking from the Board of Directors of some members for serious infringements of the law or the Statute, or for inactivity; complement, self-help, places that have become vacant deputy members;
  

m) approve the organisational scheme of FEDERALCOOP and own units;
  

n) advises the dissolution, merger or the Division of cooperative organizations that suffered losses associated with or who no longer fulfil the purpose for which they were created, or carrying out activities contrary to the provisions of this law;
  

approve a training program) and improvement of the vocational training of staff and ensure compliance with it;
  

p) approve, according to the regulations in force, the various forms of organization and administration of own units;
  

r) meets any other duties arising from law or which it determines the General Assembly.
  

Executive Office the Executive Office Article 106 leads the current activity of the FEDERALCOOP in the period between meetings of the Board of Directors and shall consist of 7-14 members, including the Chairman and Deputy Chairmen.
Chairman of the Board of Directors is the Executive President.


Article 107 article. 56-58 applies properly and the Executive Office of the FEDERALCOOP.
Executive Office of the FEDERALCOOP also has the following functions: a) supports financial and economic activity of the consumption cooperatives, cooperative territorial House credit and own units;
  

b) administers the funds on the basis of FEDERALCOOP of Constitution and rules for their use, developed by CENTROCOOP;
  

(c) the organisational scheme) FEDERALCOOP and its own units and you submit to the Board for approval; employ and dismiss its staff and establishes the rights and obligations thereof;
  

d) organizes the financial control of the consumption cooperatives associated; analyse and harness the conclusions of the inspection;
  

e) participate, through representatives in boards of cooperative firms and enterprises with capital belonging to FEDERALCOOP;
  

f) participate, through representatives, to competitions for filling of managers at consumer cooperatives and the cooperative societies and businesses with capital belonging to FEDERALCOOP.
  


Title VI House Credit unions-Chapter 1 of the Constitution of the House CREDITCOOP Credit unions-CREDITCOOP Article 108 Houses of credit unions shall associate freely in House Credit unions-which performs CREDITCOOP to meet their needs, as well as their own.
The Association, each House of credit unions pay a fee established by the Board of Directors of CREDITCOOP and subscribe one or more shares.


Article 109 Registration House Credit unions-trade register number is CREDITCOOP made on basis of constitutive document and statutes approved by the cooperative Congress and Consumer Credit.


Chapter 2 of Article 110 article. 70 shall apply correspondingly and CREDITCOOP.


Chapter 3 shares Article 111 the number of parties to be underwritten by the social each co-operative organization associated, as well as the value of shares shall be determined by the Board of Directors of CREDITCOOP.
To enroll in each territorial House CREDITCOOP credit unions pay at least 30% of the shares subscribed and the difference shall be filed not later than 2 years after the date of entry, the time limits laid down by the Board of Directors of CREDITCOOP.
Shares may not be transferred to any other natural or legal persons.


Article 112 share in any profits remaining after paying CREDITCOOP, corporation tax and after the establishment of the funds according to law and their own statutes, shall be assigned to each cooperative organizations, in proportion to the share of participation in the share capital and dividends deposited.


Chapter 4 rights and duties of cooperative organizations associated co-operative Organisations associated with Article 113 shall have the following rights: a) to benefit from short-term loans and middle of CREDITCOOP;
  

b) to receive an annual dividend from the profit amount of which shall be approved by the Board of Directors, in proportion to the share of participation in share capital;
  

c) to benefit from the assistance of economic, financial, technical, legal, and other material advantages and social-cultural developments arising from the work of CREDITCOOP;
  

d) to participate, by delegates elected by the general meeting of the cooperative at FEDERALCOOP Congress and Consumer Credit;
  

e) have elected representatives of Congress cooperative consumer and Credit in their management and control of CENTROCOOP and CREDITCOOP;
  

f) to address the leadership bodies and control of CREDITCOOP CENTROCOOP and with requests, complaints and proposals relating to the activity of the territorial houses credit cooperatives and credit unions-popular banks.
  


Article 114 Cooperative Organizations associated with the following duties: a) to pay to the established application fees and shares subscribed;
  


(b)) to pay on the due date rates and interest burden of loans incurred from CREDITCOOP;
  

q) transmit CREDITCOOP balance sheet and statistics relating to the achievement of quarterly programmes, as well as operational statements, monthly, within specified time limits;
  

d) to participate in the financing of joint actions-socio-cultural, sporting, entertainment, advertising and publicity, training and improvement of personnel training, international representation, co-operative, benevolent investment, specialized assistance and other actions stipulated by the law and by the rules approved by the CENTROCOOP;
  

e) to participate in the activities of CREDITCOOP;
  

f) to comply with the decisions of the Board of Directors and of the Executive Bureau of the CREDITCOOP, Board of Directors and of the Executive of CENTROCOOP, as well as those of Congress and the cooperative Consumer Credit except indicatively.
  


Chapter 5 termination of membership associate provisions of article 115 Article. 92-98 is applied properly and cooperative organisations associated at CREDITCOOP.


Chapter 6 Article 116 governing bodies governing bodies are: the CREDITCOOP) Board of Directors;
  

b) Executive Office.
  

The Board of Directors Article 117 is entrusted to an Administration CREDITCOOP Board of Directors composed of 45 to 57 members, so that each House of credit unions, as well as associated CREDITCOOP CENTROCOOP and have at least one representative.
The Management Board shall be set up under "credit unions-popular banks" from Congress and Consumer Cooperative Credit and be confirmed by the plenum of the Congress.
Administrators should be Romanian citizens, members in a credit cooperative, and take residence in Romania.
Administrators are elected for a period of 4 years. They are reeligibili, if the Statute otherwise.


Article 118 in the first meeting, the Board of Directors shall elect from among its members a President, two Vice Presidents, as well as other members of the Executive Office.


Article 119 article. 44-48 and of art. 50-53 apply properly and the Board of Directors of CREDITCOOP.


Article 120 the Board of Directors has in the main following tasks: to analyse and approve), subject to the confirmation of the Board of Directors of CENTROCOOP quarterly and annual programmes relating to economic and financial activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account of CREDITCOOP;
  

b) examines and advises quarterly and annual programmes relating to economic and financial activity, the budget of revenue and expenditure, the balance sheet and the profit and loss account of the houses of the associated credit cooperatives;
  

c) supports financial and economic activity and organization of the houses of the associated credit unions;
  

(d) to comply with the judgments) brings the Board of CENTROCOOP and Congress cooperative consumer and Credit;
  

e) discuss and approve of the executive briefings CREDITCOOP Audit Committee and its conclusions;
  

f) proposes to approve the Board of Directors of CENTROCOOP way of distributing the net profit and other rights or benefits which are granted to cooperative organisations, and how to cover eventual losses;
  

g) grant assistance for the establishment and reorganisation of the houses of credit unions that have been assigned and take action to resolve the problems arising as a result of the liquidation of some of these;
  

h) shall act on the acquisition and disposal of assets, according to the regulations in force;
  

I withdraw the mandate of members) Executive Office, prior to its expiration, for serious infringements of the law or the statutes, for inactivity, or at their request;
  

j) approve the organisational scheme of CREDITCOOP;
  

k) resolve any other issues concerning the activity of the cooperative, in compliance with the provisions of this law and the Statute.
  

Executive Board Article 121 article. 56-58, of art. 83 and of art. 107 is applied properly and the Executive Bureau of CREDITCOOP.
Executive Board is composed of 7 to 11 people, including the President and Vice-Presidents.


Title VII National Union of Consumer Cooperatives and Credit-CENTROCOOP Chapter 1 establishment of the National Union of Consumer Cooperatives and Credit-national high school Union 122 CENTROCOOP Article of consumption cooperatives and Credit-CENTROCOOP is constituted by the free association of federalelor of consumer cooperatives and credit and CREDITCOOP.
The Association of federalele of consumer cooperatives and credit and pay a fee of CREDITCOOP enrollment, as determined by the Board of Directors of CENTROCOOP.


Article 123 is a non-governmental organization CENTROCOOP, which acquires legal personality by virtue of this law.


Article 124 CENTROCOOP is a nonprofit organization. On the one hand and movable property of CENTROCOOP are exploited directly or placed toward recovery in companies and enterprises in the cooperative ventures or in other units. Investment income earned from CENTROCOOP are not taxable and are used for the establishment of special funds to cover the costs of administration and management, as well as funds to support the cooperative movement and intrajutorarii associate members: common development fund, the Fund for vocational training, the Fund protocol, advertising and publicity, social action fund cultural and humanitarian fund for scientific research and technological development financial support, temporary reserve with monetary resources of some cooperative consumer organizations and credit cooperative and other funds established by the Board of Directors of CENTROCOOP.


Chapter 2 of Article 125 CENTROCOOP develop and apply strategy and development program of cooperative consumer and credit cooperative and the decisions adopted by the Congress of the cooperative consumer and Credit in respect of the supply and sale of goods, provision of services, catering, tourism, industrial food production and nealimentara, capitalizing on internal and external market of production made by the members of the cooperative and cooperative organisations associated as well as other natural or legal persons, granting of credits to the members of the cooperative and the making of provision for financial and banking services, and the realization of social-cultural and sporting for the inhabitants of towns and villages, mainly for members of the cooperative.


Article 126 in accomplishing the object or activity, CENTROCOOP has the following prerogatives: to) carry out studies and analysis on the evolution of the cooperative movement and specific phenomena in order to develop and support cooperative organizations associated to the implementation of the strategy;
  

b) organized and monitor the implementation of laws and other normative acts, as well as its own resolutions by all organizations, companies and consumer co-operative and credit cooperation, while respecting the principle of autonomy and their specificity, establishing measures for the prevention and elimination of their infringement;
  

c) represents the interests of the economic-financial, legal and social-cultural cooperative consumer organizations and credit cooperative in the face of the presidential institution, as well as before authorities, legislative, executive, and judicial;
  

d) establishes cooperative relationships with organizations in other countries and with international organizations, cooperative;
  

e) also contributed to the initiation and development of draft laws and Government decisions relating to the activity of the cooperative consumer and credit cooperative;
  

f) issuing binding rules for all organizations, companies and consumer co-operative and credit cooperation regarding the organisational structure and remuneration of labour, promote, and use of the cooperative consumer-specific funds and credit cooperative;
  

g) exercise economic and financial control, the guidance and supervision of FEDERALCOOP and other organizations and units of the cooperative consumer and credit cooperative and grant them technical and economic assistance and specialized;
  

h) carried out in conjunction with the cooperative consumer organizations and credit cooperative general interest objectives;
  

I) initiates and negotiates with cooperative organizations in other countries or with other external partners, agreements or other agreements for international cooperation and cooperative consumer orientates activity and credit growth in this area;
  

j) organizes study domestic and foreign market trends in order to attract productive activity, services, trade, public catering, tourism, export, import and credit for meeting the needs of cooperative members;
  

k) organizes, finances and coordinates cooperative education through their own schools, with the opinion of the Ministry of education, as well as employee training and staff from cooperatia and cooperatia;
  


It organizes information system), the methodology of operational, technical, statistical and accounting of cooperative consumer units and credit cooperative;
  

m) organises disputes between cooperative consumer organizations and credit cooperative;
  

n) Edit publications and promotional materials with specific content.
  

The activities referred to in paragraph 1. 1 of this article, intended for cooperative organizations, shall be carried out at their request.


Chapter 3 rights and duties associated with cooperative organizations Article 127 Cooperative Organizations associated with have the following rights: a) to benefit from the assistance of economic, financial, technical, legal, information technology, training, consulting, and material advantages and social-cultural developments arising from the work of CENTROCOP;
  

b) benefit from the priority of services provided by the companies and businesses trade CENTROCOOP indoor and outdoor production of food and non-food purchases of foodstuffs from manufacturers and others;
  

c) to participate, through representatives elected at the Congress, the cooperative consumer and Credit that to elect and be elected to the governing bodies and the control of CENTROCOOP;
  

d) addressed the Congress cooperative consumer and Credit, Audit Committee, Board of Directors and the Executive Bureau of CENTROCOOP with requests, complaints and proposals on improving the cooperative consumer activity and credit growth.
  


Article 128 Cooperative Organizations associated with the following duties: a) to submit the registration fee within the time limits laid down;
  

b) to communicate the CENTROCOOP balance sheet, statistical data and other information in connection with their work;
  

c) to participate in the financing of joint actions-socio-cultural, sporting, entertainment, advertising and publicity, training and improvement of personnel training, international representation, co-operative, benevolent investment, specialized assistance and other actions stipulated by the law and by the rules approved by the CENTROCOOP;
  

d) to participate in activities of interest to CENTROCOOP own activities of cooperative organizations associated;
  

e) to comply with the judgments and decisions of the Board of Directors and of the Executive of CENTROCOOP;
  

f) comply with the provisions of this law and the Statute of CENTROCOOP.
  


Chapter 4 Termination of the provisions of article 129 Article associated. 92-94 and of article 23. 96-98 is applied properly and cooperative organisations associated at CENTROCOOP.
The decision on the request for withdrawal of a cooperative organizations associated or its exclusion is approved by the Board of Directors of CENTROCOOP.
Complaints concerning the determination of the non-withdrawal or exclusion of cooperative organization, shall be associated within 30 days from the date of such communication, the Board of Directors of CENTROCOOP and shall be subject to debate and approve cooperative consumer and Congressional appropriation that will be convened within a period of 90 days from the date of receipt of the appeal.


Chapter 5 Article 130 governing bodies governing bodies are: the CENTROCOOP) Congress cooperative consumer and Credit;
  

b) Board of Directors;
  

c) Executive Office.
  

Congress and the cooperative Consumer Credit Article 131 Congress cooperative consumer and Credit consists of delegates elected in the General meetings of FEDERALCOOP.
The Board of Directors of the representation norm CENTROCOOP sets for the election of delegates to the Congress.


Article 132 Cooperative Congress and Consumer Credit is ordinary and extraordinary. Ordinary Congress is once every four years and shall be convened by the Board of Directors of CENTROCOOP.
Extraordinary Congress gets you whenever needed and is convened by the Board of directors or at the request of one third of the number of cooperative organisations associated at CENTROCOOP. If the Board of Directors shall convene ordinary Congress or not, where appropriate, it shall be convened by the Board of censors.
The convening of the Congress agenda announced with at least 45 days before the date fixed.


Article 133 Congress has mainly the following powers: (a) the cooperative development strategy) decides on consumer credit and the cooperative;
  

b) debate and approve the report of the Board of administration and the Audit Commission regarding work done by cooperatia and cooperatia consumer credit in the period between congresses; approve discharge of the Board of Directors;
  

c) approve, modify and confirm, as applicable, to the framework statutes of the consumption cooperatives, credit unions, banks and territorial houses of credit unions and FEDERALCOOP, as well as statutes CREDITCOOP and CENTROCOOP;
  

d) approve or confirm the pairing from CENTROCOOP has FEDERALCOOP and CREDITCOOP;
  

complaints relating to e-admission) settles, withdrawal or exclusion of cooperative organizations associated CENTROCOOP;
  

f) choose, for four years, the Board of Directors and the auditing Commission of CENTROCOOP; complements the Administrative Board or the auditing Commission with new members, where their number has been reduced by over a third, after all the alternates were identified;
  

g) decides the affiliation of cooperative international organizations from CENTROCOOP;
  

h) decides the merger with other similar cooperative division or dissolution of CENTROCOOP.
  


Article 134 in Congress cooperative Consumer Credit and constitutes the "Cooperative credit banks" who elect the Board of Directors and the auditing Commission of CREDITCOOP. The Board of Directors and the Board of censors shall confirm by the plenum of the Congress.


Article 135 for the proceedings and decisions of ordinary or extraordinary Congress to be valid it is necessary the presence of at least two-thirds of the delegates.
Congressional decisions shall be taken by secret ballot or opened by a majority vote of delegates present. The decisions of the Congress are mandatory for all cooperative organizations, even if they have not taken part in the Congress or voted against.


Article 136 convening at the first ordinary or extraordinary Congress shall not meet the number of delegates; 135, will be doing a second convocation in the next 30 days. If this time does not meet the required number of delegates, the Congress will be held valid, and will be able to take decisions by a majority vote of delegates present.
The Board of Directors Article 137 administration of CENTROCOOP is entrusted to a Board of Directors composed of 95 members and 15 alternates. In the context of the number of members include Presidents of FEDERALCOOP law and the President, and other members CREDITCOOP shall be elected by the Congress of the cooperative consumer and Credit. Administrators should be Romanian citizens, resident in Romania, and members in a cooperative or stockholders in a company majority-owned cooperative.
Administrators are elected for a period of 4 years. They may be re-elected.


Article 138 in his first meeting, the Board of Directors shall elect from among its members, the Chairperson, the Vice-Chairpersons and the other on the members of the Executive Office.


Article 139 article. 44-48 and of art. 50-53 apply properly and the Board of Directors of CENTROCOOP.


Article 140 the Board of Directors meets on a quarterly basis and whenever necessary, at the request of the Executive or of a third of the number of Board members.
For the validity of the decisions of the Board of Directors is required to have at least two-thirds of the Trustees. Decisions shall be taken by a majority vote of those present.


Article 141 Administrative Council has mainly the following duties: a) convened the Congress of consumption cooperation and Credit and sets rules for representation in Congress;
  

(b) to comply with the judgments) brings the Congress;
  

c) issue of binding rules with regard to payroll, establishment and normalization of labour, the use of specific funds cooperative consumer and credit cooperative, in accordance with the law;
  

d) draft statutes of the framework for cooperative consumer organizations and credit cooperative, that they be subject to the approval of Congress, and changes to them in the period between congresses, within the limits of competence given by Congress;
  

e) organizes and conducts its own device, through specialized assistance and economic control over the operations undertaken by the cooperative organizations associated with their own units and the financial control of them, taking measures in accordance with the law and with the status;
  

f) replacement of elected members acting Board of directors before the expiration of their mandate, to: serious infringements of the law or the statutes, for inactivity, or at their request. Replacement will be made from all alternates, except for members of law whose replacement, for whatever reason, it will deal with those who have been elected in their place;
  

g) enact the dissolution, merger or the Division of cooperative organizations that suffered losses associated with or who no longer fulfil the purpose for which they were created, or carrying out activities contrary to the provisions of this law;
  


h) approve applications of cooperative organizations of Association from CENTROCOOP, and withdrawals and exclusions from Association, in accordance with the provisions of this law;
  

I approves the regulation of organization) and operation of CENTROCOOP;
  

j) approve the budget of revenue and expenditure of CENTROCOOP;
  

k) examines and approves the annual reports of the Executive Office, the balance sheet of consumption cooperation as a whole and of the cooperative credit and Audit Commission report;
  

analyse and discuss it) quarterly and full-year reports to the Executive Office of CREDITCOOP on how ongoing cooperative activity;
  

m) level of remuneration of the directors and Auditors and approve the quota allocated for what dividends;
  

n) represents, through its authorized delegates, cooperatia, and cooperatia in dealing with the legislative, Executive and judicial powers, with other organizations, non-governmental organizations with cooperative and with International Co-operative Alliance, as well as with economic operators in the country and abroad;
  

an exercise any other powers) incumbent on him under the law.
  

Executive Office the Executive Office Article 142 lead the current activity of CENTROCOOP between meetings of the Board of Directors and shall consist of 9 to 13 members, including the President and Vice-Presidents.
Chairman of the Board of Directors is the Executive Office and President of CENTROCOOP.


Article 143 Executive Board meets monthly and whenever needed. Executive decisions shall be taken by a majority vote of its members.


Article 144 the Executive Office has the following main tasks: to bring to fruition) against decisions of the Board of Directors and shall submit its activity reports;
  

b) action initiates the paying Parties subscribed for by members of the cooperative social and cooperative organizations, associated to the homes of credit unions at FEDERALCOOP and at CREDITCOOP;
  

c) examines applications for association or retreat from CENTROCOOP and submit them to the Administrative Board for approval; also, in accordance with the provisions of this law, the Board of Directors proposes the dissolution, merger, Division or exclusion of associated cooperative organizations;
  

d) supports financial and economic activity of FEDERALCOOP, to companies and CREDITCOOP, enterprises with majority capital of CENTROCOOP;
  

(e) common funds) administer, formed from CENTROCOOP, based on the rules of lodging and usage approved by its Board of Directors;
  

f) approve the organisational structure of CENTROCOOP, hires and loosen the terms of employment of employees wage level CENTROCOOP, fixes them and submit them to the Administrative Board confirmation;
  

g) participate, through representatives, on the boards of companies and enterprises with majority capital of CENTROCOOP;
  

h) participate, through representatives, to competitions for filling of managers at FEDERALCOOP and at the companies and enterprises with majority capital of CENTROCOOP;
  

(I) any other duties) meets entrusted by the Board of directors or arising from the carrying out of operative activity needs, with the exception of those falling within the competence of the Congress the cooperative consumer and Credit or the Board of Directors of CENTROCOOP.
  


Title VIII Chapter 1 common provisions Article 145 Censors cooperative consumer Organizations and credit cooperative were 1-3 and still reportedly gifted very alternates, if not otherwise provided by statute.
The censors are elected by the general meeting of each of the respective cooperative organizations, Congress and the cooperative Consumer Credit.
The censors are elected by CREDITCOOP section "credit unions-popular banks" of Congress cooperative consumer and Credit and are confirmed by the plenum of the Congress.


Article 146 Censors must be Romanian citizens with residence in Romania.
The homes of credit unions, and FEDERALCOOP, as well as at CREDITCOOP CENTROCOOP, at least one of the censors must be chartered accountant or certified public accountant according to law.


Article 147 Censors consumption cooperatives and credit unions-popular banks must be members of their cooperative.
FEDERALCOOP and CENTROCOOP censors must be members of the cooperative to a consumer cooperative associate.
The Auditors of the houses of credit unions and CREDITCOOP must be cooperative members at a credit cooperative bank popular associated.


Article 148 cannot be the censors, and if they were elected, their term of Office: from meaning to) their relatives or family members up to the third degree inclusive times husbands administrators;
  

b) persons who receive, in any form, for other functions than that of trustee, a salary or remuneration from Admins or co-operative organization to which they are censors;
  

c) persons who under the law do not have the capacity to exercise or have suffered criminal convictions.
  


Article 149 Censors, are obliged to submit within 30 days of their choice, half of security required of administrators and receive an allowance determined by the general meeting of the cooperative organization which i chose or its Board of Directors.


Article 150 Censors are obliged to supervise and check the entire management of cooperative organization, keeping regular records, in accordance with these legal provisions, and with the balance sheet, the profit and loss account, and whether assessment has been made heritage according to the rules for drawing up the balance sheet. All these, together with the proposals that we believe necessary concerning the balance sheet and profit distribution, the censors will this body that i chose, in a detailed report.
The general meeting may not approve the balance sheet and the profit and loss account, if they are not accompanied by the auditor's report.


Article 151 the censors are forced, too: a) to make every month and unannounced inspection of the House;
  

b) to convene an extraordinary or ordinary General Congress, respectively, the cooperative Consumer Credit, and when they were not called upon by Admins;
  

c) to attend the extraordinary general meetings of ordinary or cooperative organizations were elected at the Congress, requesting the inclusion in the agenda of the proposals that we think necessary;
  

d) to find furnished by administrators;
  

(e) ensure that the provisions) law and the Statute are fulfilled by the administrators and liquidators.
  

The Auditors shall inform the Board of Directors the irregularities and violations of legal and statutory provisions that we find the most important cases, and bringing them to the attention of the General Assembly, respectively.
Major cases documented in the work shall be brought to the attention of CREDITCOOP Board of CENTROCOOP.
The Auditors shall submit annually to the General Assembly, in the face of reports about their activity.


Article 152 the Auditors participate, without the right to vote, in the meetings of the Board of Directors, and Chairman of the Audit Commission participate in the meetings of the Executive Office.


Article 153 the deliberations and findings of the audit exercise their mandate shall be recorded in a special register.


Article 154 in order to fulfil the obligation laid down in article 21. 150, censors deliberating together; they can makes in case of misunderstanding, separate reports which we will present to the General Assembly.
For the other obligations imposed by law, censors can work separately.


The extent and effects of article 155 of the liability of Auditors shall be governed by the rules of their mandate.
The Auditor can only be revoked by the body which i chose.
Censors CREDITCOOP can be cancel by the Board of Directors of CENTROCOOP, upon the proposal of the Executive Bureau of CREDITCOOP.
Provisions of art. 52 apply properly and the auditor.


Chapter 2 Employees cooperative consumer credit cooperative and Article 156 for the accomplishment of the object or activity, cooperatia and cooperatia use personal credit-earner.


Article 157 Employees cooperative consumer credit and the cooperative may be and cooperative members.


Article 158 Employees cooperative consumer and credit cooperative shall enjoy all the rights and have all the obligations arising from the quality of employee, in accordance with the provisions of labour legislation.


Article 159 Employees cooperative consumer and credit cooperative, who at the same time, and membership in the cooperator or shareholder in which they operate may not be Union members.


Chapter 3 the legal regime of assets owned by the cooperative consumer credit cooperative and Article 160 Owned cooperative consumer organizations and credit cooperative is private, being protected by law, and shall consist of a part and an indivisible part divisible by.

Part paid shares divisible by comprises of members of the respective cooperative, cooperative organizations, which may be movable or immovable property, as well as proper members of cooperative dividends, i.e. cooperative organizations. The consumer cooperatives, the property comprises and divisible by the share from the Development Fund to cover social and related parties by the members of the cooperative during the period as they were members of the cooperative.
Indivisible part comprises the entire heritage of the cooperative consumer organizations and credit cooperative, accumulated by them in the course of their activities, less divisible by side pursuant to paragraph 4. 2 of this article, which is owned by the consumer cooperatives, credit unions, banks, houses of territorial FEDERALCOOP of credit unions, and the CENTROCOOP CREDITCOOP, based on the accounting balance sheets at the end of the year before entry into force of this law, as well as goods acquired later.


Article 161 indivisible Part of the property of the cooperative consumer organizations and credit cooperative may not be appropriated by members of the cooperative or cooperative organizations.
In the case of Division of a cooperative organization, indivisible part of its property is shared between cooperative organizations, results on the criterion of the provision to members of cooperative arondati.
If you go out from the cooperative, for any reason, shares shall be refunded. 160 paragraph 1. 2, plus or minus the part due from the winnings gained from cooperative or damage, according to the latest balance sheet approved by the General Assembly.


Article 162 of the Fixed Assets and assets owned by cooperative organizations, as well as the management of enterprises and cooperative societies can be disposed of or put into service, but with pay, according to the legal and statutory provisions. Any disposal, on any basis, made in violation of these provisions is null and void.
Dividends or interest due the members of the cooperative can be tracked by personal creditors, only in so far as the claim of neacoperirii cooperators, watch.
Fixed assets, property of the cooperative consumer organizations and credit cooperative, which were passed without payment in State ownership, will be returned to them. Refund applications shall be lodged with the competent courts within a period of one year from the date of entry into force of this law. These applications are exempt from stamp duty. Where the goods in question cannot be returned in kind, cooperative consumer organizations and credit cooperative will be despagubite.
The provisions of the preceding paragraphs apply properly and overheads.


Chapter 4 of the financial resources of the cooperative consumer credit cooperative and Article 163 of the financial resources of the cooperative consumer and credit cooperative come from: a) enrollment fees;
  

(b) fully paid-up shares);
  

c) realised gains arising from their own activities or securities joint venture;
  

d) other contributions coming from cooperative consumer organizations and credit cooperation to special funds, tax arbitrage, stock with pluses noted the opportunity to inventory assets, fines imposed by control bodies specifically authorised, donations, sponsorships and the like;
  

e) dividends arising from the work of companies and enterprises from cooperative consumer organizations and credit cooperative participate with share capital;
  

f contributions to cooperative organizations) associated to: cooperative consumer schools, improving training of staff, co-operative advertising and propaganda, advertising, investment and other funds established at the level of FEDERALCOOP, CENTROCOOP CREDITCOOP, and territorial House of credit unions.
  


Article 164 of the consumption cooperatives, Funds of credit unions, banks of the houses of credit unions, FEDERALCOOP of enterprises, companies and other economic operators within the cooperative consumer and credit cooperative are: a) Development Fund;
  

(b) the Reserve Fund);
  

(c) venture fund);
  

d) shares.
  

The amounts for social-cultural-entertainment, sports, advertising and publicity, training and improvement of personnel training, international representation, self-help co-operative are deductible when calculating taxable profit, according to the law.
CENTROCOOP may be deductible, the amount referred to in paragraph 1. 2 of this article, the financial resources to fund these activities jointly.


Article 165 of the financial resources of CENTROCOOP of dividends from units in which it participates with share capital contribution, and from FEDERALCOOP, and firms CREDITCOOP cooperative enterprises.


Article 166 of the financial resources of CENTROCOOP is used to cover the costs of administration and management, the awarding of employees, investments, loans, the setting up of provisions, 656 and first directors and Auditors, the socio-cultural action-sports, supporting humanitarian action, scientific research and technological development, printed and printings. Also funds for activities of general interest may be established and territorial houses of credit unions, FEDERALCOOP and CREDITCOOP. Formation and regulation of use of these funds is approved by the Board of Directors of CENTROCOOP.
General interest activities on the promotion of cooperative movement, preparation and improvement workforce, development and maintenance of the material basis of education, internships and training in the country and abroad, organizing and participating in cooperative action, national and international competitions, symposia, exchanges of experience, exhibitions, trade fairs and the like shall be financed according to the law.


Article 167 of the consumption Cooperatives, credit unions, banks and territorial houses of credit unions, FEDERALCOOP and will be able to cover any losses CREDITCOOP annual income not attributable to profit from the next corresponding total 2 years. The remaining nerecuperata will cover the following, in the sequence below: a) Reserve Fund;
  

b risk Fund);
  

c) Development Fund;
  

d) shares.
  

Where these funds do not cover losses, it will proceed to the liquidation of the cooperative organization of judicial, if the General Assembly, namely the Board of Directors of CENTROCOOP, as appropriate, decides that the members of the cooperative or cooperative organizations associated to restore through new subscriptii capital.


Article 168 of the financial year begins on 1 January and ends on 31 December. The newly established units of the financial year shall begin on the date of registration in the commercial register and shall end on 31 December.


Chapter 5 Article 169 Records besides today envisaged by law, every organization has cooperative consumer and credit cooperative will be kept and the following registers: (a) a register of members) cooperative, cooperative organizations, in which you will enter the name and surname, the name of each associated cooperative organizations, their residence, Head Office, respectively date of entry or association , withdrawal or exclusion, shares underwritten, payments made on behalf of the social parties and shares withdrawn;
  

b) a register of meetings, deliberations and rulings of general meetings;
  

c) a register of meetings, discussions and decisions of the Board of Directors;
  

d) a register of meetings, discussions and decisions of the Executive;
  

e) a register of deliberations and findings made by the censors in exercising their mandate.
  


Chapter 6 the dissolution, merger and Division of cooperative consumer organizations and credit cooperative Article 170 dissolution and merger of the cooperative consumer organizations and credit cooperative may occur in the following situations: a) realization of the object of activity;
  

(b) the General Assembly decision of) the Organization of cooperative, the cooperative consumer and Congressional appropriation in the case of CENTROCOOP CREDITCOOP and;
  

c) diminishing capital in a proportion which harms the functioning of cooperative organization, cooperative members decide whether its completion;
  

d) reduction in the number of members, so that no longer warrant the operation of co-operative organisation or reducing the number of members of cooperatives under the present law, if they last more than 6 months and it has not been completed;
  

e) bankruptcy.
  


Article 171 Division cooperative consumer organizations and credit cooperation can be done in a situation where economic and social interests of the cooperative members so require.


Article 172


The decision on the dissolution, merger and Division of consumer cooperatives, credit unions, banks and territorial houses of credit unions and FEDERALCOOP to be taken by the General Assembly of the Organization of the respective cooperative, on the proposal of the Board of directors or at the request of at least one third of the members of the cooperative or cooperative organizations, as appropriate. The merger of several organizations of the general meeting of each.
The decision on liquidation, merger or Division and CENTROCOOP CREDITCOOP shall be taken by the Congress of the cooperative consumer and Credit.


Article 173 the decision on liquidation, merger or Division of cooperative organizations shall be registered in the commercial register. Registration in the trade register of the cooperative organizations that have established through merger or Division shall, as appropriate, in accordance with the provisions of art. 10, 69, 86 and 109.


Chapter 7 liquidation of the cooperative consumer organizations and credit cooperative Article 174 the liquidation of the cooperative consumer organizations and credit cooperative is made by liquidators appointed by the General Assembly of the organization concerned or through a court decision.
In the case of CENTROCOOP CREDITCOOP and liquidators are appointed by the Congress.
The liquidators shall enter into service only after submission of their semnaturilor to the commercial register.
All documents issued by the co-operative which validated must look like it is in liquidation.


Article 175 the liquidators have the same responsibility as administrators.
They are owed, without delay after entering into service as, along with administrators, to take stock and to conclude the balance sheet stating the exact situation of the assets and liabilities of cooperative organization and to sign them.
The liquidators are obliged to receive and to preserve the heritage of the co-operative organization, what records were entrusted to Admins and its laws. They also will keep a register of all operations of the liquidation, in order of their date.
Liquidators to fulfil their mandate under the control of the auditor.
The liquidators may not pay the members of the cooperative or cooperative organizations associated with any amount on behalf of the parties what would be appropriate from liquidation, prior to the payment of other obligations of the cooperative organization.


Article 176 on completion of the liquidation, the liquidators shall draw up the final balance sheet, signed and accompanied by the auditor's report, submitted to the commercial register, requesting termination of cooperative organization.


Article 177 in case of liquidation, withdrawal times for exclusion of a consumer cooperative FEDERALCOOP with which it is associated, the remaining assets and liabilities after paying party be divisible redistribute other consumer co-operatives, designated by the Board of Directors of FEDERALCOOP, based on the balance sheet. Where the designated unions refuse full or partial takeover of the estate remained, it will be taken over by the FEDERALCOOP to which the cooperative is associated.
If the cooperative who withdraws or is excluded from FEDERALCOOP is associated to another federal territorial borders, paragraph 1. 1 of this article shall not apply.
The provisions of paragraphs 1 and 2. 1 and 2 of this article shall apply accordingly, and credit unions-popular banks, houses of credit unions, FEDERALCOOP and CREDITCOOP.


Chapter 8 facilities granted State cooperative consumer credit cooperative and Article 178 of the profit tax Listing for cooperative consumer organizations shall be established at 25%, with the exception that complements the provisions of art. 2 (2). (1) of the Government Ordinance. 70/1994.


Article 179 cooperative consumer Organizations and credit cooperative shall be exempt from payment of tax on buildings for a period of 5 years from the commissioning of the objectives.


Article 180 Of the advantages that allow for the development of State and private producers of agricultural plant and animal production, distribution of selected seeds, facilities for obtaining important Thoroughbred owners, facilities for the purchase of agricultural machinery and equipment, for sale of agri-food products and the granting of loans with low interest, benefit from cooperative consumer organizations, enterprises and cooperative societies.


Title IX Offences and offences Article 181 shall constitute offences and are punishable by a fine of 100,000 to 500,000 lei lei the following: Administrators or deed) the Auditor not to convene the General Assembly, thereby establishing that the co-operative organization remain more than three months without a Board of directors or the Audit Committee that the number of members required to take decisions;
  

b) administrators to approve deed execution of other activities than those provided for in the activity referred to in article 1. 15, 60, art. 70 paragraph 1. 2 and in article 13. 87;
  

c) failure by the Trustees, liquidators and censors of the provisions of this Act in respect of a merger, Division, dissolution and liquidation of cooperative organizations.
  

Offences are found by the bodies of State control of skill, as well as those specifically authorised for this purpose by the CENTROCOOP. Appeals against the finding of the report is addressed to the courts, within 30 days of the communication protocols in question.


Article 182 Constitutes infringement and is punishable by imprisonment from 1 month to 6 months an unwillingness of administrators, liquidators or officials to teach the Organization's cooperative heritage or deed to continue exercising the tool after the suspension or removal from it.


Article 183 Constitutes infringement and is punishable by imprisonment from 1 month to 3 months or with a fine of 500,000 to 1,000,000 lei lei to use that title companies, or you can use the designations "consumer cooperative", "consumcoop", "credit-cooperative bank House," popular "of the credit unions ' federal and territorial," consumer cooperatives and credit "" FEDERALCOOP " House, "Credit unions", "Union", "CREDITCOOP National cooperatives and Consumer Credit", "abreviatiei" or CENTROCOOP "Coop" by individuals or legal entities which do not satisfy the conditions of this law.


Article 184 the acts referred to in article 1. 182 and 183 track referral control bodies of the cooperative consumer organizations and credit cooperative.


Article 185 article. 181-184 shall be supplemented by the provisions of law No. 32/68 on the establishment and sanctioning of offences, with the exception of art. 25-27. Title X transitional and final provisions Article 186, CENTROCOOP CREDITCOOP, FEDERALCOOP of houses, credit unions, consumer cooperatives and credit unions-popular banks constitute undertakings and cooperative ventures with cooperative owned and may participate in the formation of companies through association with Romanian or foreign investors. The assets of the cooperative consumer organizations and credit cooperative, representing consideration of such firms shall remain the property of the respective cooperative organizations. Businesses and companies thus established do not benefit from the facilities provided for in article 10. 178 and 179 of this law.
The formation of cooperative enterprises and companies with capital participation cooperatist, as well as the establishment of companies by association with Romanian or foreign investors shall be decided by the Board of Directors of each cooperative organizations, in compliance with the legal provisions in this field.
Enterprises and cooperative societies, established cooperative capital, shall be registered in the commercial register as cooperative organizations with whose capital was represented.
The cooperative organizations may provide the organization units without legal personality (branches, subsidiaries, agencies, shops, catering, tourist and hotel services, sections, workshops, fixed points of the cashier, payment, etc.) for carrying out the objects. Criteria for establishing these units without legal personality shall be determined by the Board of Directors of CENTROCOOP, respecting the laws in force.


Article 187 Lands conveyed in use during the indefinite and without payment, with the aim of building for cooperative consumer organizations and credit cooperative, retain legal arrangements throughout the existence of the respective construction owned by cooperative organizations.
Buildings constructed on the lands referred to in paragraph 1. 1 of this article may be the subject of ipotecarii, as the legal regime of land to regulate by contract civilian between land owner and the new owner of the building.


Article 188 expenditure incurred for salaries of staff who provide instruction to pupils practice existing at the date of occurrence of the present law, the cooperative consumer schools, included in the plans approved by the Ministry of education, Education are borne by the State budget until their graduation.


Article 189 shall be assimilated with CENTROCOOP President as Minister, and Vice Presidents with the Secretary of State.


Article 190


The houses of credit unions are governed by the successor of the county committees of credit unions. FEDERALCOOP are the successor of the County unions of cooperatives and consumer credit. CREDITCOOP is successor of the Central Commission of the Credit unions. CENTROCOOP is the successor of the Central Union of Consumer Cooperatives and Credit.
Consumer cooperatives, credit unions, banks County unions of cooperatives and consumer credit, the county commissions of credit unions, Central Committee of Credit unions, and the Central Union of consumption cooperatives and Credit-CENTROCOOP, existing at the date of entry into force of this law, shall adopt its own statute, based on the framework developed by the directors to the Board of Directors of CENTROCOOP in accordance with the provisions of this law, within six months from the date of entry into force of this law. Framework statutes will be confirmed by the Congress of the cooperative consumer and Credit.
Own statutes will be approved by the boards of each cooperative organizations and confirmed by the first general meeting. These statutes, as well as their subsequent amendments shall be subject to the legal regime laid down in article 21. 10, 69, 86 and 109.


Article 191 of the consumption Cooperatives, credit unions, banks and territorial houses of credit unions and FEDERALCOOP, according to this law, not assigned will be subject to financial control, which will be carried out, within the limits laid down by the legislation in the field of financial control bodies of cooperative organizations to which they may be associated, according to law.
Control will be carried out at least once a year or in one of the following situations: a) at the request of the General Assembly of the Organization of cooperative unassigned;
  

b) at the request of the Audit Committee;
  

c) at the request of at least one-tenth of the number of members of the cooperative or of three cooperatives associated, as appropriate.
  

The control's findings will be presented to the general meeting of the cooperative organization controlled.
The measures provided for the Elimination of deficiencies ascertained, appropriated by the General Assembly, can be appealed to the District Court within the co-operative organisation that stands verified.


Article 192 this law enters into force on its publication in the Official Gazette of Romania. On the same date shall repeal the Decree-Law nr. 67/1990 on the Organization and functioning of cooperative consumer and credit, as well as any other provisions contrary to this law.
This law was adopted by the Chamber of deputies at its meeting of 23 September 1996, in compliance with the provisions of art. 74 para. (1) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES ADRIAN NASTASE this law was adopted by the Senate at its meeting on 24 September 1996, in compliance with the provisions of art. 74 para. (1) of the Constitution of Romania.
p. RADU VASILE, SENATE PRESIDENT-— — — — — — — — — — —