OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
5h Year No. 27
CONTENTS
Proclamation No. 147/1998
Cooperative Societies Proclamation
Page 942
PROCLAMATION NO 147/1998 A PROCLAMATION TO PROVIDE FOR THE ESTABLISHMENT OF COOPERATIVE
SOCIETIES WHEREAS , it has become necessary to establish cooperative sacieties which are formed by individuals on voluntary basis and who have similar needs for creating savings and mutual assistance among themselves by pooling their resources , knowledge and property ;
WHEREAS , it has become necessary to enable cooperative societies to actively participate in the free market economic system ;
WHEREAS , it has become imperative to issue a comprehensive legislation by which cooperative societies are organized and managed in order to achieve the above mentioned objectives ;
NOW , THEREFORE , in accordance with Article 55 ( 1 ) of the Constitution of the Federal Democratic Republic of Ethiopia , it is hereby proclaimed as follows :
PART ONE
General Short Title
This Proclamation may be cited as the “ Cooperative
Societies Proclamation No. 147/1998 . "
In this Proclamation unless the context otherwise requires :
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