Innovations introduced in the cooperative legislation of the Eastern Republic of Uruguay by the new General Law on Cooperatives
Abstract
The historic legal problems of Uruguayan cooperatives and the main solutions that were incorporated in the «General Cooperative Law» (Law 18.407, October 24, 2008) are raised in this work. Here is also a special study of those articles that tend to solve problems and that ones that are «supposed» to be new in the cooperative area of Uruguay. Can be highlighted the articles referred to: organic integration of regulations in a unique legal text; legal recognition of definition, values and cooperatives principles according to the Cooperative Identity Declaration (Manchester 1995); object, reach and limits of the Cooperative Act, and the specialization in Cooperative Rigth; the limited admission of cooperative´s transformation; specifications, ranges and norms intensity in their administration and economic formalities; functional and administrative differences between promotion and state control; the preference treatment that work cooperatives have in the bankarupcy process, etc.
Received: 15 June 2009
Accepted: 06 July 2009
Published online: 18 December 2015
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