Cooperative Law
Membership relations in building cooperatives, payments beyond the share contribution, default and expulsion procedures, and transition to condominium ownership.
Cooperative law governs the formation, management and liquidation of cooperatives, housing cooperatives in particular. Members' rights, contributions and additional payments, general-assembly resolutions and the liability of the board are the main subjects.
Where property is acquired through cooperative membership — especially when land shares or memberships are sold with promises — investors' legal risks call for careful assessment.
Typical matters
- Members' rights and expulsion in housing cooperatives
- Actions to annul general-assembly resolutions
- Liability of board members
- Liquidation of cooperatives and disputes over allocation of homes
Key legislation
- Cooperatives Law No. 1163
Training and congresses in this area
Our publications in this field
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Date not stated
Criticisms Towards Condominium Formations Directed by Construction Cooperatives
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Date not stated
The Nature of Payments Other Than Partnership Shares in Housing Construction Cooperatives and the Provisions and Consequences of Default in These Debts in Terms of the TCC and TTK in the Face of the Amendment of the Cooperatives Law and the New Model Articles of Association