Extent of the Voting Rights of Legal Persons Governed by Private Law, in Particular of Cooperatives

Nagy, Erika (2017) Extent of the Voting Rights of Legal Persons Governed by Private Law, in Particular of Cooperatives. STUDIA JURIDICA ET POLITICA JAURINENSIS, 4 (2). pp. 11-20. ISSN 2064-5902

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Abstract

The rules relating to organizational stucture and operation of legal persons governed by private law can be found among general rules pertaining to all legal persons and specific norms for various types of legal persons in the Book Three of Act V of 2013 on the Civil Code. The voting rights have an impact on the operation and management of the forms of association. One of the aims of this presentation is to draw up the similarities and distinctions between the different kinds of legal persons, in particular cooperatives. In the case of cooperatives the principle of „one member-one vote” is a key pillar of the basic cooperative principle „democratic member control”. This presentation is also undertaken to show, how this cooperative principle appears in legislation, concerning the legal norms on the European Cooperative Society (SCE) and some national legislation in the EU, too.

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