Causa of Contracts and General Assemblies Resolutions in Polish Cooperative Law

DOI: https://doi.org/10.18543/baidc-58-2021pp19-34
Keywords: causa, cooperative transactions, cooperative’s resolution, members’ economic participation

Abstract

The article aims to present the manifestations of the requirement of causa of increment under Polish cooperative law. This requirement is one of the fundamental principles of Polish private law. According to this principle, party’s increments (acquisition of goods or rights) has to have a valid causa (purpose). Otherwise the party is obligated to return the increment. Because cooperatives are legal persons regulated by private law this requirement fully applies to their legal actions, including cooperative transactions. The requirement of causa also applies to increments provided by the members to the cooperative. Therefore, the requirement of causa is the fundament of cooperative’s capital and members’ economic participation depends on complying with it.

Received: 14 December 2020
Accepted: 06 April 2021

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Author Biography

Dominik Bierecki, National Association of Cooperative Savings and Credit Unions; Cooperative Research Institute

Dr. iuris, attorney-at-law

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Published
2021-05-12
How to Cite
Bierecki, Dominik. 2021. “Causa of Contracts and General Assemblies Resolutions in Polish Cooperative Law”. International Association of Cooperative Law Journal, no. 58 (May), 19-34. https://doi.org/10.18543/baidc-58-2021pp19-34.
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No. 58 (2021)
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