Legal regime of agricultural cooperative property
The article points out that the cooperative sets up funds being the cooperative property for economic activity. Funds types, sizes, formation and use procedure are established by cooperative general meeting of members in accordance with the charter of the cooperative under provisions of law. There are several classifications of funds. On the one hand, they can be classified as obligatory funds (its setting-up is provided for by law) and discretionary funds (its setting-up is provided by the cooperative charter). On the other hand, funds can also be divisible and indivisible. Divisible funds include share funds and accumulated funds providing cooperative employees with shares purchasing. Reserve funds, funds for social infrastructure facilities and development funds belong to indivisible funds. Legal regime of agricultural cooperative property should be understood to mean a specific regulation mechanism providing procedures for the execution of property rights of production and consumers' agricultural cooperatives and their members. According to the field of activity minimum share fund of production and consumers' agricultural cooperatives should be legislated. Almost all property of the agriculture organization has been found to be recourse. This fact calls for execution upon its members' property and challenges the principle of independent civil liability of an agricultural cooperative as a legal entity.