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Indonesia (603) > Cooperatives (13)

Name: Law of the Republic of Indonesia Number 25 of the year 1992 concerning cooperatives.
Country: Indonesia
Subject(s): Cooperatives
Type of legislation: Law, Act
Adopted on: 1992-10-21
Entry into force:
Published on: Printed Separately, 1992-10-21, 33p.
ISN: IDN-1992-L-39057
Bibliography: Printed Separately, 1992-10-21, 33p.
Abstract/Citation: Under this law a cooperative society has the objectives to improve the members' welfare and to participate in developing the national economic system. Provides for cooperative functions, roles and principles. Other provisions cover establishment, liquidation and types of cooperatives. Sets forth the requirements for membership as well as their rights and obligations. Lists the organs of a cooperative society which consist of the members' meeting, the committee of management, and the committee of supervision. Specifies that the capital of a cooperative consists of equity capital and borrowed capital. Regulates the distribution of net surplus among members. Provisions are made for the dissolution of cooperatives and the institution of a cooperative movement. Entitles the Government to create and develop conditions that stimulate growth and socialization, and to provide guidance, facilities and protection to cooperatives societies. Repeals the Law No. 12 of 1967 concerning basic regulations for cooperatives.
Repealed text(s):

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