Federal Law No. 190-FZ on Credit Cooperation

Russia

(enacted in 2009)

Federal Law No. 190-FZ on Credit Cooperation provides the framework for the establishment and activities of all types of credit consumer cooperatives in Russia, excluding agricultural cooperatives.

The law includes the following sections:

  • General provisions;
  • Establishment, re-organization and liquidation of a credit cooperative;
  • Credit cooperative’s membership;
  • Credit cooperative’s management;
  • Credit cooperative’s property;
  • Specifics of functioning of credit cooperatives whose members are natural persons;
  • Associations of credit cooperatives; and
  • Final provisions.