Cooperative Societies Law

Release Date:	1429-03-10
Release Tool:	Royal Decree
Issuance Instrument Number:	m/14
Validity:	Valid
Date of last amendment:	1442-10-22
Summary:	By AI The document includes Council of Ministers Decision No. (73) issued on 14/3/1429 AH, which approves the Law on Cooperative Societies, with reference to Royal Decree No. (M/14). The law defines the basic definitions and requires that the society consist of at least 12 individuals, with the possibility of establishment with a smaller number in certain cases. The society acquires legal personality upon registration, and members have limited liability to the extent of their shares. Establishing the ...

Release Date:

1429-03-10

Release Tool:

Royal Decree

Issuance Instrument Number:

m/14

Validity:

Valid

Date of last amendment:

1442-10-22

Summary:

By AI

The document includes Council of Ministers Decision No. (73) issued on 14/3/1429 AH, which approves the Law on Cooperative Societies, with reference to Royal Decree No. (M/14). The law defines the basic definitions and requires that the society consist of at least 12 individuals, with the possibility of establishment with a smaller number in certain cases. The society acquires legal personality upon registration, and members have limited liability to the extent of their shares. Establishing the ...