LAW ON COOPERATIVES
合作社法
ກົດໝາຍວ່າດ້ວຍ ສະຫະກອນ
Summary
This Law prescribes the principles for the establishment, organization, operation, and management of cooperatives, with the aim of promoting economic cooperation among members and social development. This Law applies to all types of cooperatives and their members, clarifying that cooperatives are legal entities formed through voluntary association and democratic management, and that their activities must comply with the legal framework. The provisions define the fundamental characteristics, objectives, and terminology of cooperatives, providing a legal basis for the registration, internal governance, and business operations of cooperatives, so as to safeguard members' rights and interests and promote the advancement of the collective economy.
Articles
Article 1
Article 1 Purpose
This Law establishes the principles, rules, and measures governing the establishment,
operation, management, and inspection of cooperatives. It aims to promote and develop
cooperatives to enhance production, services, and business operations, thereby fostering economic
growth, alleviating poverty and improve livelihoods, and contributing to the national
socioeconomic development.
Article 2
Article 2 Cooperatives
A Cooperative is a collective economic organization formed voluntarily by Lao citizens
engaged in agriculture, handicrafts, trade, services, or other professions, established to foster
mutual support among members through the pooling of capital, knowledge exchange, and
technical resources, collaboratively address challenges and equitably share the benefits derived
from their business operations.
Article 3
Article 3 Definition of terms
Terms used in this Law shall be interpreted as follows:
1. Groups refer the organizations of Lao people who have their occupation in
agriculture, handicrafts, trade, services, or other professions established on voluntary
basis to help each other among cooperative members and household members,
particularly in areas related to production and service activities.
2. Share Capital refers to the capital of the cooperatives divided into parts of equal
value as stipulated in the cooperative’s bylaws.
3. Cooperative Operating License refers to the documents certifying the operation of
cooperatives activities from the relevant department as defined in this Law
4. Innovation means the application of knowledge, capacity, production process and
scientific and technological experiences in order to research, create, service, develop
a product and goods with high quality in a new form for the society.
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