Cooperatives have been operating for many years, and their role in the global economy is very significant. Cooperation is a form of cooperation in which a certain number of people participate in one or different, but interconnected labor processes. The decoding of the SEC (agricultural production cooperative) includes the unity of actions of participants to achieve common goals.
Production cooperatives - what are they for?
Production cooperatives are created for a specific purpose - this is a joint economic or industrial activity. The legislation provides a clear procedure for the creation of cooperatives. The charter, which is approved by all participants, is a constituent document. Members of the association are responsible not only to each other, but also to the cooperative itself. The charter defines all the rules of functioning and conditions for participation in its activities. The document also contains information on the size of shares.
The decoding of the SEC implies that such partnerships are created on a commercial basis and are effective due to joint labor participation. Therefore, the profit is distributed according to labor, and not according to the size of the contribution.
Agricultural cooperation
Today, almost everyone understands what the SEC is. These organizations are created by producers or citizens who have personal subsidiary plots. Membership occurs on a voluntary basis, and participants share common goals and share contributions. Most of the work in agricultural cooperation should be carried out by members of the association.
The main types of cooperatives
The main types of SPK include:
- agricultural artel;
- fishing artel;
- co-farms;
- cooperatives.
A cooperative association is considered to be a cooperative or collective farm, which is created voluntarily by citizens and carries out activities that are not prohibited by law for the production, processing and marketing of products. Each participant contributes a share to the cooperative fund. For such organizations, personal participation in housekeeping is mandatory.
Rights of agricultural cooperatives
The decoding of the SEC states that the cooperative is a legal entity, therefore, has certain powers. So what can the SEC?
- To open representative offices or branches on the territory of its functioning.
- Carry out all types of activities that do not contradict the norms and laws.
- Acquire, sell or mortgage their own property, including that transferred as a share contribution.
- Create reserve funds and invest at your discretion.
- Carry out activities aimed at raising borrowed funds.
- Exercise all the rights necessary to achieve results.
- To conduct foreign economic activity.
- If necessary, you can reorganize or liquidate the association.
Who can become a member of a cooperative?
For those people who do not know what the SEC in agriculture, decryption will help to understand this issue. Members of associations can be citizens who are over 16 years old. They must agree with the charter and clearly follow its rules. Work in the cooperative is the main one, and each member is given a membership book.
The main governing body is the meeting of all members of the company, the chairman and the supervisory board, which is created when the number of participants exceeds 50 people.
The decoding of the SEC and the basic principles of the work of such communities suggest that if a participant dies, his heirs can be accepted into a cooperative. Those heirs who did not become members of the association may receive the value of the share of the deceased.