No. 18572
Promulgation Date 2021-12-07
Korea Fair Trade Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Corporate Personality and Address)
Article 4 (Name)
Article 5 (Business Territory)
Article 6 (Basic Principles)
Article 7 (Prohibition of Involvement in Election of Public Officials)
Article 8 (Responsibilities of Cooperatives or Federations)
Article 9 (Cooperation of the State)
Article 9-2 (Formulation of Policies on Cooperatives)
Article 10 (Cooperation with Other Cooperatives or Federations)
Article 11 (Relationship to Other Statutes)
Article 12 (Application Mutatis Mutandis of Other Statutes)
CHAPTER II COOPERATIVE
SECTION 1 Cooperative Members
Article 13 (Qualification for Membership)
Article 14 (Accession)
Article 15 (Investment)
Article 16 (Voting Rights on Resolutions or in Elections)
Article 17 (Apportionment and Collection of Expenses)
Article 18 (Withdrawals)
Article 19 (Expulsion)
Article 20 (Right to Request Refund of Equity Shares)
SECTION 2 Incorporation
Article 21 (Authorization for Establishment)
Article 22 (Registration for Incorporation)
Article 23 (Articles of Incorporation)
Article 24 (Bylaws or Regulations)
SECTION 3 Organs
Article 25 (General Meetings)
Article 26 (Matters Subject to Resolution at General Meeting)
Article 27 (Quorum for Proceedings and Resolutions and Exercise of Voting Rights on Resolutions at General Meetings)
Article 27-2 (Exercise of Right to Vote on Resolutions and in Elections in Writing or by Electronic Means)
Article 28 (Matters Subject to Special Resolution at General Meetings)
Article 29 (Minutes of General Meeting)
Article 30 (General Meeting of Representatives)
Article 31 (Executive Officers)
Article 32 (Term of Office for Executive Officers)
Article 33 (Restrictions on Election Campaign)
Article 34 (Organization and Operation of Election Committee)
Article 35 (Responsibilities of Executive Officers)
Article 36 (Duties of President and Directors)
Article 37 (Duties of Auditor)
Article 38 (Auditors' Authority to Represent)
Article 39 (Dismissal of Executive Officers)
Article 40 (Grounds for Disqualification of Executive Officers)
Article 40-2 (Separate Sentence of Punishment of Fines)
Article 41 (Board of Directors)
Article 42 (Matters subject to Resolution by Board of Directors)
Article 43 (Prohibition of Holding Concurrent Office by Executive Officers)
Article 44 (Duty to Keep Documents)
SECTION 4 Business
Article 45 (Types of Business Services)
Article 46 (Use of Business Services)
Article 46-2 (Establishment of Medical Institutions by Health and Medical Cooperatives)
SECTION 5 Accounting
Article 47 (Fiscal Year and Accounting)
Article 48 (Business Plan, Budget, and Closing of Accounts)
Article 49 (Reserves)
Article 50 (Compensation for Losses and Distribution of Surplus)
Article 51 (Prohibition of Acquisition of Equity Shares)
SECTION 6 Merger, Division, Dissolution, and Liquidation
Article 52 (Merger and Division)
Article 53 (Dissolution)
Article 54 (Registration of Dissolution)
Article 55 (Liquidator)
Article 56 (Disposal of Residual Property)
CHAPTER III FEDERATIONS
SECTION 1 Membership
Article 57 (Qualification for Membership)
Article 58 (Withdrawals)
Article 59 (Provisions Applicable Mutatis Mutandis)
SECTION 2 Incorporation
Article 60 (Authorization for Establishment)
Article 61 (Provisions Applicable Mutatis Mutandis)
SECTION 3 Organs
Article 62 (General Meetings)
Article 63 (Executive Officers)
Article 64 (Provisions Applicable Mutatis Mutandis)
SECTION 4 Business
Article 65 (Types of Business Services)
Article 66 (Mutual Aid Regulations)
Article 67 (Use of Business Services)
SECTION 5 Accounting
Article 68 (Provisions Applicable Mutatis Mutandis)
SECTION 6 Merger, Division, Dissolution, and Liquidation
Article 69 (Provisions Applicable Mutatis Mutandis)
CHAPTER IV NATIONAL FEDERATION
SECTION 1 Membership
Article 70 (Classification of National Federations and Qualifications for Membership)
Article 71 (Provisions Applicable Mutatis Mutandis)
SECTION 2 Incorporation
Article 72 (Authorization for Establishment)
Article 73 (Provisions Applicable Mutatis Mutandis)
SECTION 3 Organs
Article 74 (General Meetings)
Article 75 (Executive Officers)
Article 76 (Provisions Applicable Mutatis Mutandis)
SECTION 4 Business
Article 77 (Types of Business Services)
Article 78 (Provisions Applicable Mutatis Mutandis)
SECTION 5 Accounting
Article 79 (Provisions Applicable Mutatis Mutandis)
SECTION 6 Merger, Division, Dissolution, and Liquidation
Article 80 (Provisions Applicable Mutatis Mutandis)
CHAPTER V SUPERVISION
Article 81 (Supervision and Entrustment of Authority)
Article 82 (Revocation of Authorization for Establishment)
Article 83 (Hearings)
Article 84 (Provisions Applicable Mutatis Mutandis)
CHAPTER VI? PENALTY PROVISIONS
Article 85 (Penalty Provisions)
Article 86 (Penalty Provisions)
Article 87 (Joint Penalty Provisions)
Article 88 (Administrative Fines)
ADDENDA <Act No. 10173, Mar. 22, 2010>
ADDENDUM <Act No. 11812, May 22, 2013>
ADDENDUM <Act No. 12833, Oct. 15, 2014>
ADDENDA <Act No. 14140, Mar. 29, 2016>
ADDENDA <Act No. 16179, Dec. 31, 2018>
ADDENDA <Act No. 17635, Dec. 8, 2020>
ADDENDUM <Act No. 18113, Apr. 20, 2021>
ADDENDA <Act No. 18572, Dec. 7, 2021>