Rural Associations of Collective Interest (ARIC)

REGULATORY LAW

Agrarian law. Arts. 108, 109 and 110.

CHARACTERISTICS

Integration of human natural, technical and financial resources for the establishment of industries, utilization, systems of marketing and any other economic activities.

CONSTITUTION PROCESS

Resolution of the assembly of each one of the nuclei participants.

They will be able to adopt any of the associative ways foreseen by the proper Law.

The constitutive record will have to grant it in the presence of public official authorized to attest document and to register in the Agrarian National Record.

When they join with societies of rural production or with unions of these, they will have to register besides in the Public Records of Rural Credit or of Trade.

The common lands, communities, unions of common lands, societies of rural production or unions of societies of rural production can be associates.

NAME

SHARE CAPITAL

It does not exit a limit to constitute the share capital

RESERVES

NUMBER OF ASSOCIATES

Minimum: 2

DOCUMENTS THAT ACCREDIT THE ASSOCIATES

Social contributions

ASSOCIATES' RESPONSABILITIES

FOREIGNERS' PARTICIPATION

SOCIAL ORGANS AND FOR ALERTNESS

General assembly (integrated with two representatives of each one of the assemblies of the common lands or of the communities members of the union and two representatives designated of among the members of the commissariat and the advice of vigilance of the same ones)

Direction at the expense of Council of Administration named by the general assembly, with minimum 5 proprietary counsellors and their respective substitute ones.

Council of Alertness with minimum three members and their respective substitute ones.

They will be in charge 3 years.