Article 116. Consumer cooperative.

1. Consumer cooperative is a voluntary association of citizens and legal entities on the basis of membership in order to meet the material and other needs of the participants, carried out by combining property contributions by its members.
2. The charter of a consumer 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 the members of the cooperative; on the composition and procedure for making share contributions by members of the cooperative and on their responsibility for violation of the obligation to make share contributions; on the composition and competence of the governing bodies of the cooperative and the procedure for their decision-making, including on issues that are decided unanimously or by a qualified majority; on the procedure for covering the losses incurred by the cooperative members.
3. The name of the consumer cooperative should contain an indication of the main purpose of its activities, as well as the word "cooperative", or the words "consumer union" or "consumer society".
4. Members of the consumer cooperative are required within three months after the approval of the annual balance to cover the resulting losses by additional contributions. In the event that this obligation is not fulfilled, the cooperative may be liquidated in a court of law at the request of creditors.
The members of the consumer cooperative jointly and severally bear subsidiary liability for its obligations within the unpaid part of the additional contribution of each of the members of the cooperative.
5. Income received by a consumer cooperative from business activities carried out by the cooperative in accordance with the law and the statute shall be distributed among its members.
6. The legal status of consumer cooperatives, as well as the rights and obligations of their members shall be determined in accordance with this Code by the laws on consumer cooperatives.

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Links to other articles of chapter 4. Legal entities:
Article 48. The concept of a legal entity.
Article 49. Legal capacity of a legal entity.
Article 50. Commercial and non-profit organizations.
Article 51. State registration of legal entities.
Article 52. Constituent documents of a legal entity.
Article 53. Bodies of a legal entity.
Article 54. Name and location of the legal entity.
Article 55. Representative offices and branches.
Article 56. Responsibility of a legal entity.
Article 57. Reorganization of a legal entity.
Article 58. Succession in the reorganization of legal entities.
Article 59. Transfer deed and separation balance sheet.
Article 60. Guarantees of the rights of creditors of a legal entity during its reorganization.
Article 61. Liquidation of a legal entity.
Article 62. Duties of the person who made the decision to liquidate the legal entity.
Article 63. Procedure for liquidation of a legal entity.
Article 64. Satisfaction of creditors' claims.
Article 65. Insolvency (bankruptcy) of a legal entity.
Article 66. Basic provisions on business partnerships and companies.
Article 67. Rights and obligations of participants in an economic partnership or company.
Article 68. Transformation of business partnerships and companies.
Article 69. Basic provisions on a full partnership.
Article 70. Constituent agreement of a full partnership.
Article 71. Management in full partnership.
Article 72. Conducting affairs of a full partnership.
Article 73. Obligations of a participant in a full partnership.

Article 99. The authorized capital of the company.
Article 100. Increase of the authorized capital of a joint-stock company.
Article 101. Reduction of the authorized capital of a joint-stock company.
Article 102. Restrictions on the issue of securities and the payment of dividends of a joint-stock company.
Article 103. Management in a joint-stock company.
Article 104. Reorganization and liquidation of a joint-stock company.
Article 105. Affiliated economic society.
Article 106. Dependent economic company.
Article 107. The concept of a production cooperative.
Article 108. Formation of production cooperatives.
Article 109. Property of a production cooperative.
Article 110. Management in a production cooperative.
Article 111. Termination of membership in a production cooperative and transfer of a share.
Article 112. Reorganization and liquidation of production cooperatives.
Article 113. Unitary enterprise.
Article 114. Unitary enterprise based on the right of economic management.
Article 115. Unitary enterprise based on the right of operational management.
Article 117. Public and religious organizations (associations).
Article 118. Funds.
Article 119. Amendment of the charter and liquidation of the fund.
Article 120. Institutions.
Article 121. Associations of legal entities (associations and unions).
Article 122. Constituent documents of associations and unions.
Article 123. Rights and obligations of members of associations and unions.
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