This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...year of Counsel Criiger's service was marked by the passage of a supplementary cooperative law. At the insistence of the rival organizations of rural cooperative societies the statute of 1889 was amended (August 12, 1896) so as to permit the accumulation of a surplus above the share capital. On the face of it, this was ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...year of Counsel Criiger's service was marked by the passage of a supplementary cooperative law. At the insistence of the rival organizations of rural cooperative societies the statute of 1889 was amended (August 12, 1896) so as to permit the accumulation of a surplus above the share capital. On the face of it, this was merely a change allowing the adoption of an ordinary, conservative business 134 134 policy. But the fights over the new law was due to the fact that the banks of the rival system desired to pay no dividends at all on the capital invested by members, but to use all, or practically all, net earnings for the purpose of building up an indivisible reserve or endowment fund, which should belong not to members but to the community, in the sense that its prime purpose was to benefit future members. With such a quasi-socialistic scheme Schulze-Delitzsch and his followers would have nothing to do. The growth of cooperative stores between 1889 and 1896 was such that this branch of the cooperative movement was now regulated in much greater detail. The statute of 1896 then contains a whole row of limitations imposed upon cooperative stores, but these may be omitted here as they do not concern the cooperative banks. In 1897 the new code of commercial law finally appeared. Representatives of the various states of the German Empire had been disputing over the various differences in the law of property ever since 1871. It was not until 1896 that agreement could finally be reached and the results published as a statute of the empire.1 The publication of this code made necessary various minor alterations in the cooperative law. These were made, and the whole cooperative law was finally codified and published in 1898 to go into effect on January I, 1900. In the ...
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Add this copy of Evolution of People's Banks, to cart. $19.72, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2021 by Legare Street Press.
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