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LBY-1992-R-83496
Breadcrumb
Title_of_text
SMW Decision No. 7 issuing the Implementing Regulation of Law No. 23 of 1991 on fisheries cooperatives.
Main Region
First Region
Country(ies)
Libya
Subjects (Classification)
Cooperatives; Fishers
Adopted on (Date of text)
1992
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
This Decision consists of 5 Sections. The establishment of fisheries cooperatives and required documents are dealt with in Section 1. A cooperative shall be made up of a minimum of 20 members and shall be required to be fully engaged in fishing as well as own licensed boats (art. 1). To apply for the establishment of cooperatives, the following documents shall be necessary: copies of charter and internal organization documents signed by members; bank deposits for member shares; list of all members and number of shares held; a proof that all members participate in fishers Nakabah (associations); signed declaration that on e is not a member of another fishing cooperative; and, copy of the boat ownership certificate (art. 2). Articles 3 and 4 deal with the reviewing and processing of the abovementioned documents in different SMW departments (acceptance or refusal of applications). The cooperative charter documents shall contain date, place of issue, name of cooperative, purpose and area of work, capital and share value, name of each member, place of residence and occupation (art. 5). Re-announcement of the cooperative established before Law 23/91 are dealt with in articles 6-8. Membership conditions and reasons for withdrawal are provided for in section 2. Reasons for withdrawal of membership may include: voluntary reasons, failure to abide to the conditions, arrangements for reimbursement if eligible, etc (arts. 10 to 14). Sections 3-5 deal with the following matters: Cooperative Administration Committee; Cooperative financial organization; Cooperative closure.
Basic Text region
Basic text(s)
1991-09-04 (LBY-1991-L-83495)
Law No. 23 of 1991 on fisheries cooperatives.
Electronic region
Electronic source title
Decision on-line
Author
FAO Lex
Publisher
Food and Agriculture Organization of the United Nations
URL
http://faolex.fao.org/docs/pdf/lib39193.pdf
File
LBY83496.pdf (PDF)