Article 109. Property of a production cooperative.
1. Property owned by the production cooperative shall be divided into shares of its members in accordance with the charter of the cooperative. The charter of a cooperative may establish that a certain part of the property belonging to the cooperative constitutes indivisible funds used for the purposes determined by the charter. The decision on the formation of indivisible funds is made by the members of the cooperative unanimously, unless otherwise provided by the charter of the cooperative. 2. A member of a cooperative is obliged to pay at least ten percent of the share contribution by the time of registration of the cooperative, and the rest within a year from the date of registration. 3. The cooperative has no right to issue shares. 4. The profit of a cooperative shall be distributed among its members in accordance with their labor participation, unless otherwise provided by law and the charter of the cooperative. In the same manner, the property remaining after the liquidation of the cooperative and satisfaction of the claims of its creditors is distributed.