Cooperative Law
/ˌkoʊɒpəˈreɪtɪv lɔː/
Definitions
- (n.) The body of law governing the formation, operation, and regulation of cooperatives—entities owned and managed jointly by their members for mutual benefit.
Cooperative law requires that members have equal voting rights regardless of their investment size.
Forms
- cooperative law
Related terms
See also
Commentary
Cooperative law blends elements of corporate and contract law with principles unique to member-owned organizations; drafters should focus on member rights and democratic control.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.