Euskal Herriko Kooperatiben Lege berria

Abstract

By means of Law 1/2000, dated 29th June, the Basque Autonomous Community has partially reformed Law 4/1993 on Cooperatives in the Basque Country. This is, among other reasons, to accommodate autonomous regulation to what had already been established in the current Spanish law 27/1999, dated 16thJuly, on Co-operatives. This was also done in order to regulate the concepts related to the suspension and extinction of the contract between working associates that is anticipated in the new labour norms (for technical, economic, organisational, production orforce majeure causes). The most substantial changes have been taken place so far reference to the minimum social capital, the links of the associates to the Co-operative, the "subordinate financial contributions" and "special participations" and to the new concept of co-operative corporate group.