4540

Central cooperatives are governed by the following basic norms:\n(1) These may be constituted:\n(a) Second grade central cooperatives, composed by primary cooperatives of the same or different types, or by other cooperative organizations, and\n(b) central cooperatives of a grade superior to those provided in clause (a) of this subsection, composed by central cooperatives or other cooperative organizations.\n(2) The minimum number of cooperatives which constitute a central cooperative shall be that established through regulations according to the nature thereof.\n(3) The operating range of a central cooperative shall be determined by its articles of incorporation.\n(4) Cooperative organizations may be integrated into one or more central cooperatives.\n(5) Central cooperatives composed exclusively by cooperatives of the same type may be integrated into the federation corresponding to the same.\nHistory —Sept. 1, 2004, No. 239, § 26.1.