An "eG" or eingetragene Genossenschaft is a "registered cooperative society" under German Law. Unregistered cooperatives are also possible in Germany but practically never used in practice. In 2004 there were 5470 registered cooperative societies.
"eG"'s are relatively rare commercial entities in Germany.
In some ways they're similar to registered associations (i.e. "eV" or eingetragener Verein) except for the fact that an "eG" may carry out "commercial operations" whereas a "registered association" (i.e. club) is specifically restricted under German law Section §21 of the German Civil Code or "Bürgerliches Gesetzbuch(BGB)"[1] to being a "non-economic association" i.e. it may not carry out any commercial business operations.
They are a special form of commercial association established to reduce barriers of entry for specific activities that lie in the public interest. The "eG" seems like a mixture of capital (especially Company) and an association.
These organizations have limited liability for their members with regard to debt repayment. The private assets of "eG" members can never be called on by the "eG" or its creditors to pay for a debts that the "eG" may incur. Under the "eG" rules it is also possible that certain funding commitments of its members also repaid in the case of a bankruptcy. Participants in an "eG" must be legal "members" of their "eG". In addition, "eG"'s are subject to compulsory audits under law. Mandatory membership and audit costs can be considerable financial burdens for new and small cooperatives.
The organization must promote the interests or business of its members, or their social or cultural interest through their joint operation under Section §1 of the German Cooperative Society Act or "Genossenschaft Gesetz(GenG)"[2] It is a legal person under Section §17 of the German Cooperative Society Act or "Genossenschaft Gesetz(GenG)"[3] and Under German commercial law an eG is recognized as a form of merchant. Section §2 of the German Commercial Law Act or "Handelsgesetzbuch(HGB)".[4]
Referencesedit
^Section §21 of the German Civil Code or "Bürgerliches Gesetzbuch(BGB)" - Dejure.org
^Section §1 of the German Cooperative Society Act or "Genossenschaft Gesetz(GenG) - Dejure.org
^Section §17 of the German Cooperative Society Act or "Genossenschaft Gesetz(GenG) - Dejure.org
^Section §2 of the German Commercial Law Act or "Handelsgesetzbuch (HGB)" - Dejure.org
External linksedit
German Civil Code or "Bürgerliches Gesetzbuch(BGB)
German Cooperative Society Act or "Genossenschaft Gesetz(GenG)
German Commercial Law Act or "Handelsgesetzbuch(HGB)
April 17, 2024
eingetragene, genossenschaft, eingetragene, genossenschaft, registered, cooperative, society, under, german, unregistered, cooperatives, also, possible, germany, practically, never, used, practice, 2004, there, were, 5470, registered, cooperative, societies, r. An eG or eingetragene Genossenschaft is a registered cooperative society under German Law Unregistered cooperatives are also possible in Germany but practically never used in practice In 2004 there were 5470 registered cooperative societies eG s are relatively rare commercial entities in Germany In some ways they re similar to registered associations i e eV or eingetragener Verein except for the fact that an eG may carry out commercial operations whereas a registered association i e club is specifically restricted under German law Section 21 of the German Civil Code or Burgerliches Gesetzbuch BGB 1 to being a non economic association i e it may not carry out any commercial business operations They are a special form of commercial association established to reduce barriers of entry for specific activities that lie in the public interest The eG seems like a mixture of capital especially Company and an association These organizations have limited liability for their members with regard to debt repayment The private assets of eG members can never be called on by the eG or its creditors to pay for a debts that the eG may incur Under the eG rules it is also possible that certain funding commitments of its members also repaid in the case of a bankruptcy Participants in an eG must be legal members of their eG In addition eG s are subject to compulsory audits under law Mandatory membership and audit costs can be considerable financial burdens for new and small cooperatives The organization must promote the interests or business of its members or their social or cultural interest through their joint operation under Section 1 of the German Cooperative Society Act or Genossenschaft Gesetz GenG 2 It is a legal person under Section 17 of the German Cooperative Society Act or Genossenschaft Gesetz GenG 3 and Under German commercial law an eG is recognized as a form of merchant Section 2 of the German Commercial Law Act or Handelsgesetzbuch HGB 4 References edit Section 21 of the German Civil Code or Burgerliches Gesetzbuch BGB Dejure org Section 1 of the German Cooperative Society Act or Genossenschaft Gesetz GenG Dejure org Section 17 of the German Cooperative Society Act or Genossenschaft Gesetz GenG Dejure org Section 2 of the German Commercial Law Act or Handelsgesetzbuch HGB Dejure orgExternal links editGerman Civil Code or Burgerliches Gesetzbuch BGB German Cooperative Society Act or Genossenschaft Gesetz GenG German Commercial Law Act or Handelsgesetzbuch HGB Retrieved from https en wikipedia org w index php title Eingetragene Genossenschaft amp oldid 1066527038, wikipedia, wiki, book, books, library,
