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Statute for a European Cooperative Society (SCE)
- 00. Preamble
- Art. 01 Form of the SCE
- Art. 02 Formation
- Art. 03 Minimum capital
- Art. 04 Capital of the SCE
- Art. 05 Statutes
- Art. 06 Registered office
- Art. 07 Transfer of registered office
- Art. 08 Law applicable
- Art. 09 Principle of non-discrimination
- Art. 10 Particulars to be stated in the documents
- Art. 11 Registration and disclosure requirements
- Art. 12 Publication of documents in the Member States
- Art. 13 Notice in the Official Journal of the European Union
- Art. 14 Acquisition of membership
- Art. 15 Loss of membership
- Art. 16 Financial entitlements of members in the event of resignation or expulsion
- Art. 17 Law applicable during formation
- Art. 18 Acquisition of legal personality
- Art. 19-34 Formation by merger
- Art. 35 Procedures for formation by conversion
- Art. 36 Structure of organs
- Art. 37-41 Two-tier system
- Art. 42-44 The one-tier system
- Art. 45-51 Rules common to the one-tier and two-tier systems
- Art. 52-62 General meeting
- Art. 63 Sectorial or section meetings
- Art. 64 Securities other than shares and debentures conferring special advantages
- Art. 65 Legal reserve
- Art. 66 Dividend
- Art. 67 Allocation of available surplus
- Art. 68-71 Annual accounts and consolidated accounts
- Art. 72-76 Winding up; Liquidation; Insolvency and Cessation of payments
- Art. 77 Economic and monetary union
- Art. 78-80 Final Provisions
1. The capital of an SCE shall be expressed in the national currency. An SCE whose registered office is outside the Euro-area may also express its capital in euro.
2. The subscribed capital shall not be less than EUR 30000.
3. The laws of the Member State requiring a greater subscribed capital for legal bodies carrying on certain types of activity shall apply to SCEs with registered offices in that Member State.
4. The statutes shall lay down a sum below which subscribed capital may not be allowed to fall as a result of repayment of the shares of members who cease to belong to the SCE. This sum may not be less than the amount laid down in paragraph 2. The date laid down in Article 16 by which members who cease to belong to the SCE are entitled to repayment shall be suspended as long as repayment would result in subscribed capital falling below the set limit.
5. The capital may be increased by successive subscriptions by members or on the admission of new members, and it may be reduced by the total or partial repayment of subscriptions, subject to paragraph 4.
Variations in the amount of the capital shall not require amendment of the statutes or disclosure.
