How is the Handling of Cooperative Members Who Do Not Contribute Enough Capital?

According to Clause 1, Article 16 of the 2012 Law on Cooperatives, the regulations on termination of membership and member cooperatives are as follows:

- A member who is an individual dies, is declared dead, missing, or incapacitated by the court, or is sentenced to imprisonment according to legal regulations;

- A member who is a household lacks a legal representative as prescribed by law; a member who is a legal entity is dissolved or bankrupt; a member cooperative of a union of cooperatives is dissolved or bankrupt;

- A cooperative or union of cooperatives is dissolved or bankrupt;

...

- At the time of commitment to fully contribute capital, if the member or member cooperative does not contribute capital or contributes less than the minimum capital as stipulated in the charter;

- Other cases as prescribed by the charter.

As you have presented, if the cooperative member where you are working has not fully contributed capital and intends not to contribute capital as committed, the membership of this individual can be terminated.

Sincerely!