Encyclopedia

Member of the credit cooperative


A member of a credit cooperative is a physical person who is a creditor of the credit cooperative on the basis of agreements concluded with them for the transfer of personal savings, in an amount not exceeding seven hundred thousand rubles, but no more than the principal debt amount in relation to each member of the credit cooperative (shareholder) (ceased to be effective as of 2019-01-01)1.

  1. Federal Law No. 127-FZ dated October 26, 2002 "On Insolvency (Bankruptcy)", as amended on December 25, 2018, Article 189-5, paragraph 2, ceased to be effective as of January 1, 2019 // Official Gazette of the Russian Federation. 2002. No. 43. Item 4190. ↩

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