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SMW Decision No. 7 issuing the Implementing Regulation of Law No. 23 of 1991 on fisheries cooperatives.

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First Region

Libya
Cooperatives; Fishers
1992
National
Regulation, Decree, Ordinance

Second Region

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.

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