FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 2, 2019 No. 417-FZ

About introduction of amendments to article 38 of the Federal law "About Agricultural Cooperation"

Accepted by the State Duma on November 21, 2019

Approved by the Federation Council on November 25, 2019

Bring in Item 3 of article 38 of the Federal Law of December 8, 1995 No. 193-FZ "About agricultural cooperation" (The Russian Federation Code, 1995, No. 50, Art. 4870; 2003, No. 24, Art. 2248; 2006, No. 45, Art. 4635; 2009, No. 29, Art. 3642) following changes:

Paragraph one after the words "on board decision of cooperative" to add 1) with words "(except as specified, provided by the paragraph third this Item)";

To add 2) with the paragraph of the following content:

"By the charter of cooperative powers of the chairman of cooperative for decision making about transactions, not going beyond regular economic activity of cooperative and not connected with ownership, use and the order of the parcels of land and fixed assets of cooperative can be provided. At the same time the ceiling price of the specified transactions which cannot exceed 10 percent from total cost of assets of cooperative less the cost of the parcels of land and fixed assets of cooperative can be established by the charter of cooperative.".

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