Act No. 9 Concerning Small Businesses

Indonesia

(enacted in 1995)

Act No. 9 Concerning Small Businesses (Undang-undang Republik Indonesia Nomor 9 Tahun 1995 Tentang Usaha Kecil) pertains to savings and loan cooperatives.

It defines savings and loan cooperatives as business enterprises comprised of individuals or primary cooperatives as members. Savings and loans cooperatives constitute a people’s economic movement based upon the principles of brotherhood.

DISCLAIMER: Due to the fact that an English translation was unavailable for this act, information for this summary has been taken from secondary sources and not from review of the actual legal text.