Article 107. The concept of a production cooperative.
1. A production cooperative (artel) is a voluntary association of citizens on the basis of membership for joint production or other economic activity (production, processing, marketing of industrial, agricultural and other products, performance of work, trade, consumer services, the provision of other services) based on their personal labor and other participation and unification by its members (participants) of property shares. The law and constituent documents of a production cooperative may provide for the participation of legal entities in its activities. Production cooperative is a commercial organization.
Links to other articles of chapter 4. Legal entities: