Article 108. Formation of production cooperatives.
1. The constituent document of a production cooperative is its charter approved by the general meeting of its members. 2. The charter of a cooperative must contain, in addition to the information specified in paragraph 2 of Article 52 of this Code, conditions on the size of share contributions of members of the cooperative; on the composition and procedure for making share contributions by members of the cooperative and their responsibility for violation of the obligation to make share contributions; on the nature and procedure of labor participation of its members in the activities of the cooperative and their responsibility for violation of the obligation for personal labor participation; on the distribution of profits and losses of the cooperative; on the size and conditions of the subsidiary liability of its members for the debts of the cooperative; on the composition and competence of the governing bodies of the cooperative and the procedure for their decision-making, including issues that are decided unanimously or by a qualified majority. 3. The number of members of a cooperative shall not be less than five.