Agrarian law. Powers of the supervisory board of the cooperative (most important)

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Agrarian law. Powers of the supervisory board of the cooperative (most important)

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29. Powers of the supervisory board of the cooperative

Powers of the supervisory board of the cooperative enshrined in Art. 30 FZ "About agricultural cooperation". The supervisory board of the cooperative exercises control over the activities of the board of the cooperative. The supervisory board of the cooperative has the right to demand from the board a report on its activities, as well as to get acquainted with the documentation of the cooperative, check the state of the cash desk of the cooperative, the availability of securities, trade documents, conduct an inventory, and more.

Cooperative Supervisory Board is obliged to check the balance sheet, the annual report, to give opinions on proposals for the distribution of the annual income of the cooperative and on measures to cover the annual deficit. The supervisory board of the cooperative is obliged to report the results of the audit to the general meeting of members of the cooperative before the approval of the balance sheet. The supervisory board of the cooperative gives opinions on applications for admission to the membership of the cooperative and for withdrawal from the members of the cooperative. The supervisory board of the cooperative convenes a general meeting of the members of the cooperative, if necessary in the interests of the cooperative.

Chairman of the supervisory board of the cooperative performs the duties of chairman during meetings of general meetings of members of the cooperative, unless otherwise provided by the charter of the cooperative. The charter of a cooperative may provide for other powers of the members of the supervisory board of the cooperative.

Members of the supervisory board of a cooperative are not entitled to transfer their powers to other persons.

The supervisory board of the cooperative represents the cooperative if the cooperative has filed a claim against the members of the board of the cooperative in accordance with the decision of the general meeting of members of the cooperative. The consent of the supervisory board of the cooperative is required in the event of granting a loan to a member of the board of the cooperative, as well as in the event that a member of the board of the cooperative acts as a guarantor when granting a loan to a member of the cooperative. In the event of filing claims against members of the supervisory board, the cooperative is represented by authorized persons elected by the general meeting of members of the cooperative.

The supervisory board of the cooperative has the right temporarily, until the decision of the general meeting of members of the cooperative, which must be convened as soon as possible, to suspend the powers of the members of the board of the cooperative and assume the exercise of their powers. The provisions of Art. 28 of the Federal Law "On Agricultural Cooperation" on the responsibility of members of the board of the cooperative.

Author: Zavrazhnykh M.L.

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