Consumer cooperatives are the following types: agricultural, credit, service, residential building, garage-and country-building, housing savings. Consumer cooperative, and all the other nonprofit organizations may carry out business as long as it serves the purposes for which it was created. The establishment and follow-up of consumer cooperatives are governed by the Civil Code, Law “On consumer cooperatives (consumer societies and their unions) in the Russian Federation” and other federal laws. The total number of members of consumer cooperatives not legally restricted. Members of consumer co-operative shall, within three months after the approval of the annual balance sheet to cover the damages formed by additional contributions. The failure of this Acting cooperative may be liquidated through the courts at the request of creditors.
Members of consumer co-operative jointly and severally bear subsidiary liability for its obligations to the extent unpaid of the additional contribution of each of the members. The supreme governing body of a consumer cooperative is the general meeting of its members, which addresses issues vital for the organization, including forms a permanent executive collegial body – the board, leading to its current activities between meetings, and address issues not covered by the exclusive competence of the General Assembly. The state registration of consumer cooperatives (including HBC, garage, gardening, gardening, garden, agricultural, credit, housing cooperatives and savings associations) in Saint-Petersburg and Leningrad region carries IIFTS number 15. Constituent document of a consumer cooperative is a charter, which must contain, besides common to all legal persons of information about the condition of of shares of the cooperative members, the composition and procedure of payment, liability for infringement of members’ commitment to the introduction of shares, the composition and competence of the cooperative management and their decision-making procedure, the procedure for coverage by the membership losses incurred. State fee paid for the registration of a consumer cooperative, is 4,000 rubles.