FEDERAL LAW OF THE RUSSIAN FEDERATION

of April 20, 2015 No. 99-FZ

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

Accepted by the State Duma on April 8, 2015

Approved by the Federation Council on April 15, 2015

Article 1

Bring in the Federal Law of December 8, 1995 No. 193-FZ "About agricultural cooperation" (The Russian Federation Code, 1995, No. 50, Art. 4870; 1999, No. 8, Art. 973; 2003, No. 2, Art. 160, 167; No. 24, Art. 2248; 2006, No. 45, Art. 4635; 2007, No. 27, Art. 3213; 2009, No. 29, Art. 3642; 2013, No. 30, Art. 4084; No. 51, Art. 6683; 2014, No. 45, Art. 6154) following changes:

1) Article 6 in paragraph five the word "property;" shall be replaced with words "property. Investments of reserve fund of credit cooperative are made only in the banks participating in system of compulsory deposit insurance of physical persons in banks of the Russian Federation;";

2) in Item 3 of Article 31 the second offer to add with words ", credit cooperative is also subject to liquidation based on the judgment upon the demand of the Bank of Russia";

3) in Article 40.1:

a) state Item 2 in the following edition:

"2. The fund of financial mutual assistance is created at the expense of part of own means of credit cooperative and the funds raised in credit cooperative in the form of the loans obtained from members of credit cooperative, associated members of credit cooperative, the credits of credit and other institutions and also at the expense of the funds raised in credit cooperative according to the budget legislation of the Russian Federation. At the same time loans are performed only in cash. The size of fund of financial mutual assistance, procedure for its forming and use are determined by the charter of credit cooperative, decisions of general meeting of members of credit cooperative.";

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info