Legal encyclopedia. Letter P

PRODUCTION COOPERATIVE (ARTEL)

- association of citizens on the basis of membership for the joint conduct of business activities, based on their personal labor participation, the initial property of which consists of the shares of the members of the association.

PK (artel) is a commercial organization formed by the decision of its founders, the number of which can not be less than 5 people.

The members (participants) of the cooperative may be citizens of the Russian Federation, foreign citizens, stateless persons, legal entities, persons who contributed the share contribution established by the charter of the cooperative, citizens of the Russian Federation who have attained the age of 16 years.

The number of PK members who have contributed to participate in the activities of the cooperative, but who do not take personal labor participation in its activities, can not exceed 25% of the number of members of the cooperative taking personal

Labor participation in its activities.

In the event of the death of a PK member, his heirs may be admitted to the cooperative, otherwise the co-operative pays to the heirs the value of the share of the deceased member of the cooperative, the salaries, bonuses and additional payments due to him.

Member of the PK has the right:

1) to participate in the production and economic activities of the cooperative, in the work of the general meeting of members of the cooperative with the right of one vote;

2) to elect and be elected to the supervisory board, executive and supervisory bodies of the cooperative;

3) make proposals on improving the activities of the cooperative, eliminating shortcomings in the work of its bodies and officials;

4) receive a share of the profit of the cooperative, subject to distribution among its members, other payments;

5) request information from the officers of the cooperative on any matters of its activity;

6) To leave at own discretion from cooperative society and to receive provided

The law and the charter of the cooperative;

7) apply for judicial protection of their rights.

PK members who take personal labor participation in the activities of the cooperative are entitled to receive payment for their labor in cash and in kind.

The supreme management body of a cooperative is the general meeting. In a cooperative with a membership of more than 50 people, a supervisory board can be established.

The executive bodies direct PK's activities and are subordinate to the general meeting and the supervisory board.